Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average

Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .

In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.

The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method

jsranthony jsranthony · Answer 2 · 2022-03-23T03:21:32+01:00

jsranthony jsranthony

23-03-2022

Answer: weighted average, specific identification, first in first out, last in first out

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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system. A. First-in, last-out B. Specific identification C. First-in, first-out D. Last-in, first-out E. Last-in, last-out F. Weighted average

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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average