Which of the following does not correctly describe the specific identification costing method?
A)This method is most appropriate when goods are not interchangeable
B)This method is most appropriate when goods are interchangeable
C)This method is generally used for expensive, one-of-a-kind merchandise
D)None of these

Question

Quizplus · Accepted Answer

The specific identification costing method is not appropriate when goods are interchangeable because it involves identifying and tracking individual units of inventory. It is more appropriate for expensive, one-of-a-kind items or when inventory is easily distinguishable.

Which of the Following Does Not Correctly Describe the Specific