The specific cost identification inventory cost flow method has all of the following characteristics except Multiple Choice It is especially applicable when small and expensive items are handled in large quantities. It relates cost flow to the specific flow of physical goods, O it identifies the cost of each physical tem available for sale with either the ending inventory or cost of goods sold, it is particularly susceptible to income manipulation When inventary declines in value below original cost, and the decline is considered other than temporary, what is the maximum amount that the Inventory can be valued at? Multiple Choice Historical cost Net realizable valueless a normal profit margin Sales priceless a standard mark-up Net realirable value