Question

Of the following companies, which one would not likely employ the specific identification method for inventory costing?

A. Farm implement dealership
B. Music store specializing in organ sales
C. Antique shop
D. Hardware store

Answer 1

The hardware store would not likely employ the specific identification method for inventory costing.

Step-by-step explanation:

The specific identification method for inventory costing refers to a method where each item in a company's inventory is individually identified and its cost is recorded.

This method is commonly used by businesses that sell unique or expensive items, such as antiques and musical instruments.

Therefore, the hardware store would not likely employ the specific identification method for inventory costing as it typically sells a large variety of relatively inexpensive items that are not individually identified.