How do the results under FIFO in a perpetual system compare to the results using a periodic system

How do the results under FIFO in a perpetual system compare to the results using a periodic system

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How do the results under FIFO in a perpetual system compare to the results using a periodic system? Can't say because the inflation/deflation rate is not given.
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Unformatted text preview: They are the same. Highest using the perpetual system. Highest using the periodic system....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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