Which statement is true in a perpetual inventory system?

Which statement is true in a perpetual inventory system?

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 Which statement is true in a perpetual inventory system?






A new average is computed under the average cost method after each sale.


 

 
Average costs are based entirely on unit-cost simple averages.


 


LIFO cost of goods sold will be the same as in a periodic inventory system.


 

FIFO cost of goods sold will be the same as in a periodic inventory system.
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