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Thursday, 7 March 2013

How do the results under FIFO in a perpetual system compare to the results using a periodic system? They are the same. FIFO cost of goods sold is higher using a perpetual system FIFO cost of goods sold is higher using a periodic system There is not enough information to determine the answer.

How do the results under FIFO in a perpetual system compare to the results using a periodic system?
     They are the same.
     FIFO cost of goods sold is higher using a perpetual system
     FIFO cost of goods sold is higher using a periodic system
     There is not enough information to determine the answer.



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