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In a period of rising prices, a company is most likely to use the specific identification method of pricing inventory if: A. Multiple Choice Management's
In a period of rising prices, a company is most likely to use the specific identification method of pricing inventory if:
A. Multiple Choice Management's primary objective is to minimize income taxes.
B. Management wants the same unit cost assigned to items sold and items remaining in inventory.
C. Each item in the inventory is unique.
D. Management wants the company's income statement to indicate the highest possible amounts of gross profit and net income.
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