ABC Furniture Unlimited sells antique furniture.ABC will most likely use the ________ method to cost its ending inventory.

Question

Quizplus · Accepted Answer

Since ABC Furniture Unlimited sells antique furniture, which typically has unique characteristics and values, the most appropriate method for valuing their ending inventory would be the specific identification method. This method allows ABC to assign specific costs to specific items, reflecting the unique values and characteristics of each piece. FIFO, LIFO, and average methods are more appropriate when dealing with homogeneous items with similar costs.

ABC Furniture Unlimited Sells Antique Furniture