During periods of inflation, the specific identification cost flow assumption will yield a higher cost of goods sold than LIFO.

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During periods of inflation, LIFO will yield a higher cost of goods sold than specific identification. This is because LIFO assumes that the most recently acquired goods are sold first, which means that the cost of goods sold reflects the higher current prices. On the other hand, specific identification can choose which specific goods are sold and their associated costs, allowing for lower cost of goods sold during inflationary periods.

During Periods of Inflation, the Specific Identification Cost Flow Assumption