Accountıng I Deneme Sınavı Sorusu #1313866
In the .......................... method, the company knows exactly which item was sold and exactly what the item cost.
Which of the following items fills the blank correctly?
|
Specific Identification |
|
Average Cost |
|
First-In, First-Out |
|
Last-In, First-Out |
|
Maximum cost |
Yanıt Açıklaması:
In the specific identification method, the company knows exactly which item was sold and exactly what the item cost. So, specific Identification Method is an inventory
costing method based on the specific cost of particular units of inventory. The correct choice is A.
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