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Daniel [21]
3 years ago
9

The specific identification method (select all that apply): matches each unit of inventory with its actual cost is not an accept

able method of accounting would be beneficial to a company that makes inexpensive products with high sales volume would be beneficial to a company that makes fine jewelry
Business
1 answer:
liberstina [14]3 years ago
4 0

Answer:

<h2>The specific identification method</h2>

a) matches each unit of inventory with its actual cost

d) would be beneficial to a company that makes fine jewelry

Explanation:

The specific identification inventory valuation method is one of the inventory valuation method allowed by U.S. GAAP.   The other allowed methods are weighted average; and first in, first out (FIFO).  The specific identification method identifies every item kept in inventory and its price and tracks it from purchase to resale.  Some types of businesses that use the specific identification method are jewelry companies and stores, car dealerships, art galleries, and furniture stores, who can easily identify each item and track the cost and price respectively.

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Watson Company has monthly fixed costs.. Watson Company has monthly fixed costs of $91,000 and what dollar amount of sales must
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Watson Company has monthly fixed costs of $91,000.

Contribution margin ratio= 0.40

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D) Desired profit= 227,500

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Answer:

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