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All of the following are inventory costing methods used under a periodic inventory system except: Multiple choice question. weighted average specific identification last in, last out last in, first out first in, first out

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All of the following are inventory costing methods used under a periodic inventory system except C. last in, last out.

What are the periodic inventory methods?

Because the periodic inventory system accounts for inventory at the end of each chosen financial period, unlike the perpetual inventory system, it can apply any of the following inventory methods:

  • FIFO (First In, First Out)
  • LIFO (Last In, First Out)
  • WAC (Weighted Average Cost)
  • Specific identification.

Thus, all of the following are inventory costing methods used under a periodic inventory system except C. last in, last out.

Learn more about the periodic inventory system at https://brainly.com/question/25887081

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