Answers (7)

muneb 28-12-2012
muneb - Amity Business School
Specific identification is a method of finding out ending inventory cost.
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awais 28-12-2012
awais - Guru Ghasidas University
Specific identification method is just another method to value ending inventory of the business to be reported in the financial statements.
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sharina 29-12-2012
sharina - University of Sussex
"Specific identification method identifies the cost of particular units sold and those still remaining in ending inventory. Source: http://in.docsity.com/en-docs/Reporting_and_Analyzing_Inventory_-_Principles_of_Accounting_-_Lecture_Notes_"
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