For which type of merchandise would a company most likely use the specific identification method of inventory costing?

Question

Quizplus · Accepted Answer

The specific identification method is best suited for items that are unique and highly individualized, such as custom-made boats. This method allows the company to track the exact cost of each item sold, rather than relying on cost averages or assumptions. Gasoline, bottled water, and Barbie dolls are all commodities that are generally interchangeable, making it more practical to use a different inventory costing method.

For Which Type of Merchandise Would a Company Most Likely