2 The inventory costing method that can be used only for goods that are NOT ordinarily interchangeable is the Select one: a. specific identification method. b. FIFO method. c. weighted average cost method. d. LIFO method.

2 The inventory costing method that can be used only for goods that are NOT ordinarily interchangeable is the Select one: a. specific identification method. b. FIFO method. c. weighted average cost method. d. LIFO method.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10MC: Which inventory costing method is almost always done on a perpetual basis? A. specific...

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Question

The inventory costing method that can be used only for goods that are NOT ordinarily interchangeable is the

Select one:

a. specific identification method.

b. FIFO method.

c. weighted average cost method.

d. LIFO method.

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