_______ The ending inventory and cost of goods sold will be the same whether perpetual or periodic system is used under the: weighted-average method. moving-average method. LIFO method. FIFO method. ___During periods when costs are rising and inventory quantities are stable, ending inventory will be: Higher under LIFO then FIFO. Lower under average cost than LIFO. Higher under average cost than FIFO. Higher under FIFO then LIFO. ___All of the following are advantages of LIFO except: recent costs are matched against current revenues. a deferral of income tax occurs as long as the price level increases. An improvement of cash flow. An approximation of the physical flow of goods is achieved. ___Under the retail inventory method: A company measures inventory on its balance sheets by converting retail prices to cost. A company measures inventory on its balance sheet at current selling prices, A company measures inventory on its balance sheets on a LIFO basis. None of the above is correct. ___Alexandra's dress shop buys dresses from Ala Manufacturing. Alexandra purchased dresses from Ala on July 17, and received an invoice with a list price amount of $6,000 and payment terms of 2/10, n/30. Alexandra uses the net method to record purchases. Alexandra should record the purchases at: $5, 940. $5, 880. $6,000. $6, 120