All Else Being Equal, Which of the Following Statements Is

Multiple Choice

All else being equal, which of the following statements is correct for a company that uses the FIFO costing formula with a perpetual inventory system (compared to a periodic system) ?

A) The value of the ending inventory would be higher under a periodic system.
B) The value of the ending inventory would be lower under a periodic system.
C) The value of the ending inventory would be the same under both systems.
D) The periodic system would not require any additional entries at the end of the period.