Which of the following businesses is most likely to use a specific identification cost flow method?
A)Car dealership
B)Grocery store
C)Hardware store
D)Roofing company

Question

Quizplus · Accepted Answer

Specific identification is frequently used for high-priced,low-turnover inventory items such as automobiles.For big ticket items like cars,customer demands for specific products limit management's ability to select which merchandise is sold,and volume is low enough to manage the recordkeeping.

Which of the Following Businesses Is Most Likely to Use