When Costing Ending Inventory Under a Perpetual Inventory System, the

Multiple Choice

When costing ending inventory under a perpetual inventory system, the

A) cost using the LIFO method is the same as the cost using the LIFO method under the periodic inventory system.
B) moving average requires that a new average be computed after every sale.
C) cost using the FIFO method 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.