alleryStart learning →Specific identification fails when goods are what?
ASeasonal goods
BHighly priced goods
CFungible goods
DImported goods
Answer & Solution
Correct answer: C. Fungible goods
Tracking cost item by item is impossible when units cannot be told apart.
Keep practising Cost Accounting
Browse all Cost Accounting questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Factory property taxes are categorised as which type of overhead?Cost accounting aims to compute cost, facilitate cost control and what?IFRS are issued by which body?Total assets are 500 and liabilities 320. What is equity?Opening cash 20, inflows 90, outflows 60. What is closing cash?Opening retained earnings 40,000, net income 25,000, dividends 10,000. Closing?Throughput accounting includes which costs in cost of goods sold?Across a business's life, FIFO, average cost and LIFO change which item?