Which of the following inventory costing methods is subject to manipulation with regard to the resulting inventory cost?
A)Weighted-average.
B)FIFO.
C)Specific identification.
D)Both FIFO and specific identification are subject to manipulation.

Question

Quizplus · Accepted Answer

Specific identification can be manipulated by selectively choosing which items to sell, affecting the cost of goods sold and ending inventory values.

Which of the Following Inventory Costing Methods Is Subject to Manipulation