When goods for sale are not homogeneous in nature it is not necessary to use the specific cost identification method of accounting for inventory.

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Quizplus · Accepted Answer

When goods are not homogeneous, it may be more practical to use other inventory valuation methods like FIFO, LIFO, or weighted average, rather than specific cost identification, which is more suitable for unique or high-value items.

When Goods for Sale Are Not Homogeneous in Nature It