The inventory method that will yield the same inventory value and cost of goods sold whether a perpetual or periodic system is used is ?

a) Average cost

b) first-in, first out

c) last-in, first-out

d) either first-in, first-out or last-in, first-out

Question added by Deleted user
Date Posted: 2016/03/28

Upvote (0) Views (6) Followers (4) Answers (5) Report Question

by Abdallah Osama Ibrahim , Chief Accountant , Moore Stephens - Egypt

Answer A is correct (Average cost)

by HASSAN AHMED , Internal Auditor , TIE

the correct answer is "Average Cost"

Option b is the right answer . FIFO

Upvote (0)

by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

Of-course the answer is a Average Cost

by Zeshan Arshad , Account Officer , Din Textile Mills

the answer is a. average cost

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