In this GAAP inventory costing method,a company keeps track of the cost of individual inventory items.

Name: In this GAAP inventory costing method,a company keeps track of the cost of individual inventory items.
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Quizplus · Accepted Answer

Specific identification method allows a company to track the cost of individual inventory items. This method is typically used when each unit of inventory has a unique and identifiable cost associated with it, such as high-value items or custom-made products.

In This GAAP Inventory Costing Method,a Company Keeps Track of the Cost