Question: Which statement is true in a perpetual inventory system?: A. A new average is computed under the average cost method after each sale. B. FIFO

Which statement is true in a perpetual inventory system?:

A. A new average is computed under the average cost method after each sale.

B. FIFO cost of goods sold will be the same as in a periodic inventory system.

C. LIFO cost of goods sold will be the same as in a periodic inventory system.

D. Average costs are based entirely on unit-cost simple averages.

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