Accountıng I Deneme Sınavı Sorusu #1132443
Which of the followings is an inventory costing method based on the specific cost of particular units of inventory?
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Perpetual Inventory System |
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Specific Identification Method |
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Average Cost Method |
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First-In, First-Out (FIFO) Method |
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Last-In, First-Out (LIFO) Method |
Yanıt Açıklaması:
The specific identification method uses the specific cost of each inventory unit to determine ending inventory and cost of goods sold. Specific identification requires that companies keep records of the original cost of each individual inventory item.?
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