Which of the following inventory cost flow assumptions produces the same ending inventory values under both the periodic and perpetual systems?

A) FIFO
B) LIFO
C) average
D) dollar-value LIFO

FIFO

FIFO (First-In, First-Out) is an inventory cost valuation method assuming that the oldest items of inventory are sold first and newer inventories last, affecting the cost of goods sold and ending inventory valuation.

LIFO

Last In, First Out, an inventory valuation method that assumes goods purchased last are the first to be used or sold, affecting cost of goods sold and inventory value.

Average

A statistical measure that denotes the central value of a set of numbers.