Which of the following cost flow assumptions is used for inventory when an entity builds townhouses?
A. FIFO
B. Specific identification
C. Weighted average
D. Any of these cost flow assumptions
Answer: B. Specific identification
Which of the following cost flow assumptions is used for inventory when an entity builds townhouses?
A. FIFO
B. Specific identification
C. Weighted average
D. Any of these cost flow assumptions
Answer: B. Specific identification
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.