Which Costing Method Will Produce the Same Result Under Both

question 67

Multiple Choice

Which costing method will produce the same result under both a perpetual and periodic system?

• A)Specific identification
• B)Average-cost
• C)FIFO
• D)Both FIFO and specific identification

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Definitions:

Increase in Demand

A situation where there is a rise in consumer desire to purchase goods and services, often leading to higher prices and greater sales volumes.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product demanded, creating a balance without excess supply or demand.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand are balanced.

Pepsi

A carbonated soft drink manufactured by PepsiCo, considered one of the most recognizable beverage brands worldwide.