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Benjamin Shaffer
on Oct 28, 2024

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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.

Specific Identification Method

An inventory costing method that identifies the cost of the specific item that was sold.

Inventory Valuation

The process of determining the cost associated with an entity's inventory at the end of a reporting period.

Grocery Store

a retail establishment that primarily sells food, both fresh and packaged, along with other household goods.

  • Understand the fundamental principles of inventory management and controls.
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KV
Krishna VinduruOct 30, 2024
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