Question

the inventory costing method that matches each unit of inventory with its actual cost is referred to as the

Answer 1

The specific identification method is the inventory costing strategy that compares each unit of stock to its actual cost.

What particular identifying technique does inventory costing use?

Inventory valuation, specifically keeping track of each individual item in stock and allocating expenses per item rather than as a group, is the specific identification approach. A company is functional and usable when it can identify, mark, and keep track of each item or unit in its inventory.

To track individual inventory goods, the unique identification approach is employed. When individual objects can be readily identified, such as when they have a serial number, stamped receipt date, bar code, or RFID tag, this method is appropriate.

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