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Under the specific identification method, gross profit is determined by a.identifying the unit sold with the specific cost when it was purchased. b.identifying specific units
Under the specific identification method, gross profit is determined by
a.identifying the unit sold with the specific cost when it was purchased.
b.identifying specific units for cost of merchandise sold but not for sales.
c.identifying specific units for sales but not for cost of merchandise sold.
d.using specific units for sales and LIFO for cost of merchandise sold.
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