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Which Method of the following inventory valuation method results in the same Amount under periodic and perpetual inventory Systems?

A- FIFO 

B- LIFO

C - Weighted Average 

D- FIFO & LIFO 

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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2016/05/26
Kifayat Ullah Kifayat Ullah
by Kifayat Ullah Kifayat Ullah , Accounts Officer , University of Engineering & Techonology Peshawar Pakistan

Under periodic and perpetual inventory system the FIFO method is best for inventory valuation

Deleted user
by Deleted user

with inflation assumption it will be FIFO

eed eed
by eed eed , well position , Khan Engineering and Generator services

I think LIFO and FIFO is the best method to valuation.

Shameer Nazir Madari
by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

A- FIFO valuation do not depend on the choice of a periodic or perpetual system. As sales occur, the cost is always presumed to be from the oldest goods in stock. This occurs whether the computation is made only once at the end of the period or throughout the period. The other method would yield different result under a periodic versus a perpetual system, as the units presumed to be sold are sensitive to the timing of the sales.

Abdul Basit Ali Tahir
by Abdul Basit Ali Tahir , Assistant Manager , MOHAMED YOUSUF NAGHI

FIFO method is give the same amount.

PraveenKumar Voolla
by PraveenKumar Voolla , Executive Accounts & Admin , Larsen & Toubro Limited

FIFO and LIFO are cost layering methods used to value the cost of goods sold and ending inventory