If a business builds and sells custom yachts, the logical method for computing the cost of goods sold is

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The specific identification method is the most appropriate for computing the cost of goods sold for a business that builds and sells custom yachts. This method involves identifying the specific cost of each individual yacht based on its unique materials, labor, and other costs. This method is more accurate than using a standard cost, which may not accurately reflect the unique costs associated with each yacht. LIFO, FIFO, and average cost methods are more suitable for businesses that sell standardized or interchangeable products, rather than custom-made products.

If a Business Builds and Sells Custom Yachts, the Logical