Question

abc furniture unlimited sells antique furniture. abc will most likely use the ______ method to cost its ending inventory. a. first - in, first - out b. last - in, first - out c. specific identification d. average

Explanation:

Antique furniture items are unique, so the specific identification method is appropriate as it tracks the cost of each specific item (since each antique is distinct). FIFO, LIFO, and average methods are better for homogeneous, interchangeable goods, not unique items like antiques.

Answer:

C. Specific identification