Question: The specific identification inventory method is more appropriate than FIFO, LIFO, or Average Cost assumption methods: A. If the company wishes to maximize profit. B.

The specific identification inventory method is more appropriate than FIFO, LIFO, or Average Cost assumption methods:

A. If the company wishes to maximize profit.

B. If the company wishes to minimize income taxes.

C. For a large inventory of identical low-priced items.

D. If each item in the inventory is expensive and one-of-a-kind.

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