For which type of inventory would a company most likely use the specific identification method?
A)Barbie dolls
B)Cartons of milk
C)Custom-designed diamond rings
D)Gasoline in storage tanks at a gasoline station

Question

Quizplus · Accepted Answer

The specific identification method is most appropriate for items that are unique and easily distinguishable, such as custom-designed diamond rings. For items like Barbie dolls, cartons of milk, and gasoline in storage tanks at a gasoline station, it would be difficult to track each individual item and assign a specific cost to each one, making it less practical to use the specific identification method.

For Which Type of Inventory Would a Company Most Likely