19) The specific identification method of inventory valuation is best when used

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zrarsrr2x12

Business Finance

Description

19) The specific identification method of inventory valuation is best when used with high volume, low cost items. A) True B) False

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Explanation & Answer

False; it is best when used with high cost, unique items (such as artwork). If Walmart used the specific identification method (when products are mostly identical), it would cause too much work--each specific item would be coded differently. 


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