NO.PZ202308140300007505
问题如下:
Q. Annan’s statement regarding the perpetual and periodic inventory systems is most significant when which of the following costing systems is used?选项:
A.LIFO
B.FIFO
C.Specific identification
解释:
A is correct. The carrying amount of the ending inventory may differ because the perpetual system will apply LIFO continuously throughout the year, liquidating layers as sales are made. Under the periodic system, the sales will start from the last layer in the year. Under FIFO, the sales will occur from the same layers regardless of whether a perpetual or periodic system is used. Specific identification identifies the actual products sold and remaining in inventory, and there will be no difference under a perpetual or periodic system.
能翻译下题目和答案吗,这种大段的题目应该怎么做?