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Business, 14.04.2020 22:52 21villalobosjabez
In a period of rising prices, a company is most likely to use the specific identification method of pricing inventory if:
a. Each item in the inventory is unique.
b. Management wants the same unit cost assigned to items sold and items remaining in inventory.
c. Management wants the company's income statement to indicate the highest possible amounts of gross profit and net income.
d. Management's primary objective is to minimize income taxes.
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