Under which cost flow assumption would a company calculate the same cost of good sold number whether

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Under which cost flow assumption would a company calculate the same cost of good sold number whether it were to use the periodic method or the perpetual method?

a. None of these

b. FIFO

c. FIFO and LIFO

d. LIFO

Related Book For answer-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Posted Date: Apr 23, 2022 06:54 AM

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Under which cost flow assumption would a company calculate the same cost of good sold number whether

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Expert Answer:

With perpetual FIFO the finst Cor oldest costs are the first re... View the full answer

Financial Accounting

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