Question: The following are three inventory cost determination methods: 1. Specific identification 2. FIFO 3. Weighted average Below is a list of different types of companies

 The following are three inventory cost determination methods: 1. Specific identification

The following are three inventory cost determination methods: 1. Specific identification 2. FIFO 3. Weighted average Below is a list of different types of companies and their main inventory item. Indicate the inventory cost determination method that the company would most likely use. (a) Grocery store (food) Specific identification Weighted average FIFO (b) Car deship (automobiles) (c) Clothing store (clothing) (d) Car dealership (parts) (e) Gas station (fuel) (f) Jewellery store (custom-made jewellery) (g) Consignment clothing store (clothing) LINK TO TEXT

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