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.

---

Definitions:

Burglars

Individuals who unlawfully enter buildings with the intent to commit theft or any other felony.

Empty House

A building or space with no current occupants, often evoking a sense of abandonment or solitude.

Confront

To face or engage with someone or something in opposition or challenge.

Victims

People or groups that endure suffering, damage, or injustice due to others' actions, often requiring protection or restitution.