Question: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 averages. 
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. 

+ Answer
D 

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Mohammad Towhidul Islam

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