Of the following companies, which one would NOT likely employ the specific identification method for inventory costing?

Question

Quizplus · Accepted Answer

The drug store is unlikely to employ the specific identification method for inventory costing as it deals with a high volume of small items that are not easily identifiable or distinguishable from one another. It would be impractical and time-consuming to track the cost of each individual item. Instead, the drug store is more likely to use a method such as weighted average or FIFO (first-in, first-out) for inventory costing.

On the other hand, the art gallery, farm implements dealership, and antique shop are all businesses that deal with unique or high-value items, making the specific identification method a more feasible option for cost tracking.

Of the Following Companies, Which One Would NOT Likely Employ