Because the specific identification method seems simple and matches actual costs against revenues, it may appear to be the ideal cost flow assumption to be used in any situation.
Required:
Indicate whether a periodic or perpetual inventory system is more appropriate for this cost flow assumption, indicate when its use is practical, and discuss the practical and theoretical objections to its use.

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The Answer of Because the specific identification method seems simple and matches actual costs against revenues, it may appear to be the ideal cost flow assumption to be used in any situation.
Required:
Indicate whether a periodic or perpetual inventory system is more appropriate for this cost flow assumption, indicate when its use is practical, and discuss the practical and theoretical objections to its use.

Because the Specific Identification Method Seems Simple and Matches Actual