Which Costing Method Cannot Be Used to Determine the Cost

question 43

Multiple Choice

Which costing method cannot be used to determine the cost of inventory items before LCNRV is applied?

• A) Specific identification
• B) FIFO
• C) LIFO
• D) All of these methods can be used.

---

Definitions:

Parent And Child Classes

Refers to the relationship in object-oriented programming where one class (the parent) is extended by another class (the child).

Base Classes

Classes in object-oriented programming that act as foundational elements from which other classes (derived classes) can inherit properties and methods.

Super

In object-oriented programming, a keyword used to refer to an object's parent class, often used to invoke the superclass's methods or constructors.

Constructor

A special method in a class that is called when an instance of the class is created, often used to initialize objects.