All of the following are inventory costing methods except
A)first-in,first-out.
B)average-cost.
C)periodic.
D)specific identification.

Question

Quizplus · Accepted Answer

The three choices listed (A, B, and D) are all common inventory costing methods. Periodic is not a specific costing method, but rather a way of tracking inventory levels. In periodic inventory systems, inventory levels are counted periodically (such as once a month or once a year) rather than continuously.

All of the Following Are Inventory Costing Methods Except