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1. In a perpetual inventory system-

  • A. LIFO cost of goods sold will be same as in a periodic inventory system
  • B. LIFO cost of goods sold will be same as in a periodic inventory system
  • C. LIFO cost of goods sold will be same as in a periodic inventory system
  • D. LIFO cost of goods sold will be same as in a periodic inventory system

Answer: Option C

Explanation:

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