Q327
In case goods are manufactured and segregated for specified consumers, the best method for valuation of inventory would be
A.
FIFO
B.
Simple average
C.
Base stock
D.
Specific identification method
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In case goods are manufactured and segregated for specified consumers, the best method for valuation of inventory would be Specific identification method. Specific identification inventory valuation method is a way of keeping track of all items in an inventory individually.