The specific identification method of costing inventories is used when the physical flow of units...

60.1K

Verified Solution

Question

Accounting

The specific identification method of costing inventories is used when the

physical flow of units cannot be determined.

company sells large quantities of relatively low-cost homogeneous items.

company sells large quantities of relatively low-cost heterogeneous items.

company sell goods that are not interchangeable.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students