In a perpetual inventory system: a. specific identification is always used. b. average costs are computed as
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In a perpetual inventory system:
a. specific identification is always used.
b. average costs are computed as a simple average of unit costs incurred.
c. a new average is computed under the average-cost method after each sale.
d. FIFO cost of goods sold will be the same as in a periodic inventory system.
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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