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Under which inventory method will ending inventory and COGS be the same under both the perpetual and periodic systems? Which inventory method avoids the extremes
- Under which inventory method will ending inventory and COGS be the same under both the perpetual and periodic systems?
- Which inventory method avoids the extremes of low and high costs over the year?
- Under the perpetual inventory system, what effect will including goods in transit that were purchased f.o.b. shipping point in ending inventory have on net income?
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