When Valuing Ending Inventory Under a Perpetual Inventory System the

Multiple Choice

When valuing ending inventory under a perpetual inventory system the

A) valuation using the LIFO assumption is the same as the valuation using the LIFO assumption under the periodic inventory system.
B) moving average requires that a new average be computed after every sale.
C) valuation using the FIFO assumption is the same as under the periodic inventory system.
D) earliest units purchased during the period using the LIFO assumption are allocated to the cost of goods sold when units are sold.