Which Statement Best Explains the Specific Identification Method

question 125

Multiple Choice

Which statement best explains the specific identification method?

• A)A method that uses the most recent costs in the calculation of cost of sales.
• B)A method that uses the cost of goods available for sale divided by the number of units available for sale.
• C)A method that assigns costs to inventories and cost of sales based on actual costs of each item.
• D)A method that uses the oldest costs in the calculation of cost of sales.

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Definitions:

Intermediaries

Entities or individuals that act as middlemen in the distribution channel, facilitating transactions between producers and consumers.

Multichannel Marketing

The practice of using multiple platforms, such as online, in-store, or catalog, to market products or services to consumers.

Traditional Delivery

This term refers to conventional methods of delivering goods or services, such as mail or in-person services, as opposed to digital or automated solutions.

Electronic Marketing

Utilizing digital platforms and technologies to promote products, services, or brands to potential customers.