The Specific Identification Inventory Costing Method

Multiple Choice

The specific identification inventory costing method:

A) Is more appropriate for a firm selling construction equipment than for a firm selling greeting cards
B) Measures the ending inventory at the actual prices of the specific units sold during the period
C) Uses expected future acquisition costs rather than historical costs to measure the ending inventory
D) Is not a generally accepted method of pricing inventories
E) None of the above