

MCQOPTIONS
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1. |
The specific cost identification inventory cost flow method has all of the following characteristics except? |
A. | It identifies the cost of each physical item available for sale with either the ending inventory or cost of goods sold |
B. | It relates cost flow to the specific flow of physical goods |
C. | It is especially applicable when small and inexpensive items are handled in large quantities |
D. | It requires individual identification of items some device like tags or serial numbers |
Answer» C. It is especially applicable when small and inexpensive items are handled in large quantities | |