Which of the Following Does NOT Correctly Describe the Specific

question 107

Multiple Choice

Which of the following does NOT correctly describe the specific identification cost formula?

• A) This method is most appropriate when goods are not interchangeable.
• B) This method is most appropriate when goods are interchangeable.
• C) This method is generally used for expensive, one-of-a-kind merchandise.
• D) This method is often used for merchandise with serial numbers such as automobiles.