Which Costing Method Will Produce Different Results Under Perpetual and Periodic

question 69

Multiple Choice

Which costing method will produce different results under perpetual and periodic systems?

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

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Definitions:

Net Sales

The revenue from sales after subtracting returns, allowances for damaged or missing goods, and discounts.