Adams Company uses the specific identification method. At the end of the year, it had 24 units of its giant floating tricycles that are sold for use by tourists in the ocean or on large lakes. Explain how the physical count of inventory and the cost of ending inventory will be calculated.

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The Answer of Adams Company uses the specific identification method. At the end of the year, it had 24 units of its giant floating tricycles that are sold for use by tourists in the ocean or on large lakes. Explain how the physical count of inventory and the cost of ending inventory will be calculated.

Adams Company Uses the Specific Identification Method