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FIFO/LIFO

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During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods?
FIFO LIFO
a. Yes No
b. Yes Yes
c. No Yes
d. No No

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The solution discusses FIFO and LIFO.

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During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory ...

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