Which of the following businesses would not be as likely to use the specific identification method of inventory valuation?
A)An automobile dealer.
B)A custom jewelry store.
C)A grocery store.
D)An art dealer.

Question

Quizplus · Accepted Answer

A grocery store typically has large quantities of similar items, making it impractical to individually identify and track each item for inventory valuation purposes. Therefore, a grocery store would be more likely to use methods such as first-in, first-out (FIFO) or average cost to value its inventory.

Which of the Following Businesses Would Not Be as Likely