With the <em>specific identification inventory method</em>, the Cost of Goods Sold equals the <em>exact costs of the items sold.</em>
The <em>specific identification inventory method</em> tracks each sold item to record its cost. The Cost of Goods Sold includes only the actual cost of the items sold and not an average or assumed cost.
The <em>specific identification inventory method</em> is not like the:
- FIFO (First-in, First-out) method that assumes that items sold are from the first inventories in the store
- LIFO (Last-in, First-out) method that assumes that items sold are from the last inventories in the store
- Weighted-average method that takes the average cost for all the items in store to determine the cost of goods sold.
Thus, the <em>specific identification method</em> ensures that the Cost of Goods Sold equals the actual cost of the goods.
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Answer:
https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
and had begun a five year apprenticeship as a machinist. His starting wage ... brainly.com/question/25586250
Answer:
a if revenue is greater the loss in money will deplinish
Answer:
True
Explanation:
statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.
The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.