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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 6: Inventory Costing and Valuation
  5. Question
    There Is No Difference in the Amount of Inventory Calculated
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There Is No Difference in the Amount of Inventory Calculated

Question 3

Question 3

True/False

There is no difference in the amount of inventory calculated by the periodic and perpetual inventory systems when using FIFO or weighted average cost flow assumptions.

Correct Answer:

verifed

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