Does any one know what the answer to this is? It is not C.

In a perpetual inventory system, _____.

• a. LIFO cost of goods sold will be the same as in a periodic inventory system
• b. average costs are based entirely on unit cost simple averages
• Selected:
• c. a new average is computed under the average cost method after each saleThis answer is incorrect.
• d. FIFO cost of goods sold will be the same as in a periodic inventory system