Specific Identification Inventory Method: Cost Tracking
This approach moves beyond cost flow assumptions like First-In, First-Out (FIFO) or Last-In, First-Out (LIFO) to assign the actual acquisition cost to specific units. Regulated products require testing of the highest accuracy, conducted within an environment of full regulatory compliance. CPT℠ regularly conducts all types of testing in our specialized departments on a wide range of products, including pharmaceuticals (OTC…
