In a perpetual inventory system

In a perpetual inventory system - system. average costs are...

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In a perpetual inventory system, FIFO cost of goods sold will be the same as in a periodic inventory system. LIFO cost of goods sold will be the same as in a periodic inventory
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Unformatted text preview: system. average costs are based entirely on unit-cost simple averages. a new average is computed under the average cost method after each sale....
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