1. Assuming the same dates of purchases and sales, quantities and costs, the ending inventory value under the first-in, first-out (FIFO) costing method in a perpetual inventory system will be (greater than, less than, or the same as the ending inventory value under the first-in, first-out (FIFO) costing method in a periodic inventory system. 2. Assuming the same dates of purchases and sales, quantities and costs, the cost of goods sold under the first-in, first- out (FIFO) costing method in a perpetual inventory system will be (greater than less than, or the same as the cost of goods sold under the first-in, first-out (FIFO) costing method in a periodic inventory system. 3. The ending inventory value under the last-in, first-out (LIFO) costing method in a perpetual inventory system will generally (equal or differ from) the ending inventory value under the last-in, first-out (LIFO) costing method in a periodic inventory system. 4. The cost of goods sold under the last-in, first-out (LIFO) costing method in a perpetual inventory system will generally, (equal or differ from) the cost of goods sold under the last-in, first-out (LIFO) costing method in a periodic inventory system. 5. Under the moving average costing method how will the company compute the cost of each sale? 6. The ending inventory value under the moving average costing method in a perpetual inventory system will generally (equal or differ from the ending inventory value under the weighted average costing method in a periodic inventory system. 7. The cost of goods sold under the moving average costing method in a perpetual inventory system will generally (equal or differ from the cost of goods sold under the weighted average costing method in a periodic inventory system. 8. Carefully study Illustration 6A.4. 1. Assuming the same dates of purchases and sales, quantities and costs, the ending inventory value under the first-in, first-out (FIFO) costing method in a perpetual inventory system will be (greater than, less than, or the same as the ending inventory value under the first-in, first-out (FIFO) costing method in a periodic inventory system. 2. Assuming the same dates of purchases and sales, quantities and costs, the cost of goods sold under the first-in, first- out (FIFO) costing method in a perpetual inventory system will be (greater than less than, or the same as the cost of goods sold under the first-in, first-out (FIFO) costing method in a periodic inventory system. 3. The ending inventory value under the last-in, first-out (LIFO) costing method in a perpetual inventory system will generally (equal or differ from) the ending inventory value under the last-in, first-out (LIFO) costing method in a periodic inventory system. 4. The cost of goods sold under the last-in, first-out (LIFO) costing method in a perpetual inventory system will generally, (equal or differ from) the cost of goods sold under the last-in, first-out (LIFO) costing method in a periodic inventory system. 5. Under the moving average costing method how will the company compute the cost of each sale? 6. The ending inventory value under the moving average costing method in a perpetual inventory system will generally (equal or differ from the ending inventory value under the weighted average costing method in a periodic inventory system. 7. The cost of goods sold under the moving average costing method in a perpetual inventory system will generally (equal or differ from the cost of goods sold under the weighted average costing method in a periodic inventory system. 8. Carefully study Illustration 6A.4
