Given the increased automation in nearly every business with inventory (think of the last time you bought something without a barcode), the costs of the specific identification method are becoming significantly cheaper than they had been.
economics
Description
Given the increased automation in nearly every business with inventory (think of the last time you bought something without a barcode), the costs of the specific identification method are becoming significantly cheaper than they had been. Do you think that all businesses will be using a specific identification method eventually? What are the advantages and drawbacks of using specific identification rather than LIFO or FIFO?
