For which type of merchandise would a company most likely use the specific identification method of inventory costing?

Question

Quizplus · Accepted Answer

The specific identification method is used when each unit of inventory can be identified and tracked separately. Custom-made boats are a high-cost and unique item, so it is likely that each boat can be identified and tracked separately, making specific identification method the best choice for inventory costing.

For Which Type of Merchandise Would a Company Most Likely