A grocery store would likely use the specific identification inventory costing method for most of the items in its inventory.

Question

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The specific identification method is generally only used for high-value items with unique serial numbers or identification codes, such as cars or jewelry. A grocery store would likely use the first-in, first-out (FIFO) or average cost method for most of the items in its inventory.

A Grocery Store Would Likely Use the Specific Identification Inventory