Since the specific cost of each unit is known

Since the specific cost of each unit is known -...

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Since the specific cost of each unit is known, the resulting values for ending inventory and cost of  goods sold are not affected by whether the company uses a periodic or perpetual system to account  for inventory. The only difference between the systems is that the value of inventory and the cost of  goods sold is determined every time a sale occurs under the perpetual system, and these amounts 
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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