menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting Study Set 8
  4. Exam
    Exam 8: Inventories and the Cost of Goods Sold
  5. Question
    The Specific Identification Method Is More Appropriate Than a Cost
Solved

The Specific Identification Method Is More Appropriate Than a Cost

Question 57

Question 57

Multiple Choice

The specific identification method is more appropriate than a cost flow assumption method:


A) For a large inventory of identical low-priced items.
B) If each item in the inventory is unique.
C) If purchase costs are rising.
D) If purchase costs are falling.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q52: Which of the four inventory approaches is

Q53: In a perpetual inventory system,the flow of

Q54: A clothing store would logically have a

Q55: [The following information applies to the questions

Q56: [The following information applies to the questions

Q58: [The following information applies to the questions

Q59: When prices are increasing,which inventory method will

Q60: The primary reason a physical inventory is

Q61: The logic behind the lower-of-cost-or-market rule is:<br>A)Inventory

Q62: [The following information applies to the questions

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines