Compute the inventory by the conventional retail inventory method. Ending inventory using conventional retail inventory method $ I

Which of the following is a difference between the periodic inventory system and the perpetual inventory system? a. The Merchandise Inventory account is used under the perpetual inventory system but not under the periodic inventory system. Ob. The Purchases account is used under the periodic inventory system but not under the perpetual inventory system. c. The Merchandise Inventory account is used under the periodic inventory system but not under the perpetual inventory system. Od. The Purchases account is used under the perpetual inventory system but not under the periodic inventory system.

when taking inventory all merchandise held on consignment is _______

fifo and lifo for cost of goods sold and cost of ending inventory