Question: Which costing method cannot be used to determine the cost of inventory items before Lower-of-Cost-or- Market (LCM) is applied? A. Specific identification B. FIFO C.

Which costing method cannot be used to determine the cost of inventory items before Lower-of-Cost-or- Market (LCM) is applied? A. Specific identification B. FIFO C. LIFO D. All of these methods can be used.

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