Which of the following companies would be more likely to use the specific identification inventory costing method?
A) Gordon's Jewelers
B) Lowe's
C) Best Buy
D) Walmart

Question

Quizplus · Accepted Answer

Gordon's Jewelers is more likely to use specific identification inventory costing method as they deal with high-value, unique inventory items such as jewelry with different styles, colors, and carats. Specific identification method would be useful to accurately track and assign costs to each unique item.

Which of the Following Companies Would Be More Likely to Use