Which one of the following inventory methods is often impractical to use?

Question

Quizplus · Accepted Answer

Specific identification method requires the identification of each item in inventory with a unique cost. This is often impractical for large amounts of inventory or for items that are not easily distinguishable from each other. Therefore, it is not a practical inventory method to use for many companies. FIFO, LIFO, and average cost are more commonly used methods.

Which One of the Following Inventory Methods Is Often Impractical