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What are a major advantage and a major disadvantage of the specific identification method of inventory costing?
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What is the specific identification method?
Specific Identification requires the linkage of individual inventory items with the exact purchase cost of each unit
Which one of the following inventory methods is often impractical to use specific identification lifo fifo average cost?
Specific identification....I guess average cost but this turned out to be the right answer :/
What companies would be more likely to use the specific identification inventory costing method?
walmart
What is the advantage and disadvantage of using thermostat in an iron?
The advantage of using the thermostat is so you don't burn or scorch your clothes when you are using it. An iron can become very hot quickly.
What is the advantage and disadvantage of an informative speech?
Advantage: Informative speeches provide valuable information, educate the audience on a specific topic, and help clarify complex ideas. Disadvantage: They can sometimes be perceived as boring or dry if not delivered in an engaging manner, leading to audience disinterest.
List one advantage and one disadvantage of three different methods used to find specific locations on maps?
im doing this for homework, i have no idea srry
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Advantage is that it gives a specific response. In a secondary exposure it responds so quickly you may not even feel sick. It is able to retain a long term memory against that specific pathogen as well. Disadvantage is that primary exposure it takes 1-2 weeks to start producing a response against a foreign pathogen. Also it is possible for your adaptive immunity to attack self cells, also called autoimmunity.
Inventory costing method?
There are different inventory costing methods an accountant can use for cost o goods sold accounting. The methods include last in, first out, average cost method, first in, first out, and specific identification method.
Advantage and disadvantage of balance sheet?
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Advantages and disadvantages of chain restaurant?
Advantage of a chain restaurant is: The owner is able to expand the business and maximize his profits by allocating franchises in other countries. Disadvantage of a chain restaurant can be (if not maintained) maintaining the food quality, and other measures of a specific standard in all the franchises
What is an item code?
An item code is a unique identifier assigned to a specific product or item within a database or inventory system. It helps in tracking and managing inventory, pricing, and other relevant details associated with the item. The code can be numeric or alphanumeric and is used for easy identification and organization of products.
