All of the following are inventory costing methods except
A) last-in,last-out.
B) average-cost.
C) perpetual.
D) specific identification.

Question

Quizplus · Accepted Answer

The methods listed are all inventory costing methods commonly used in accounting. Perpetual, however, is not a specific costing method, but rather a system used to track inventory levels in real-time as purchases and sales are made. Therefore, C is the correct answer as it is not a specific inventory costing method.

All of the Following Are Inventory Costing Methods Except