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:

Interest Rates

A charge, calculated as a percentage of the principal, demanded by a lender from a borrower for assets' usage.

Disposable Income

Income that remains for saving or spending after direct taxes (such as income tax) have been deducted from an individual's earnings.

Saving

The process of setting aside a part of current earnings for future use.

Interest Rate

Interest Rate is the cost of borrowing money, typically expressed as a percentage of the amount borrowed, affecting savings, investment, and consumer spending.