Specific identification in measuring cost of goods sold


Q1) Company with operating income of $68,000 and a contribution margin ratio of 54% has margin of safety of?

Q2) Briefly explain the factors management must consider in deciding:

Whether to utilize specific identification or flow assumption in measuring cost of goods sold.

Q3) How do managers select cost accounting systems?

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Accounting Basics: Specific identification in measuring cost of goods sold
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