The specific-unit-cost method:

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The specific-unit-cost method is also known as the specific identification method because it identifies and tracks the cost of each individual item in inventory, unlike the average cost method which pools the cost of all items together. While the specific-unit-cost method may not always produce the highest net income or the same ending inventory as the average cost method, it is useful for companies that sell unique or high-value items where tracking the cost of each individual item is important for accurate financial reporting. The specific-unit-cost method is not known as the cost-of-goods sold model.

The Specific-Unit-Cost Method