specific identification method

Examples of specific identification method in the following topics:

• Specific Identification Method

  • Specific identification is a method of finding out ending inventory cost that requires a detailed physical count.
  • The specific identification costing method attaches cost to an identifiable unit of inventory.
  • Specific identification is a method of finding out ending inventory cost.
  • The specific identification costing method attaches cost to an identifiable unit of inventory.
  • Describe how a company would use the specific identification method to value inventory

• Costing Methods Overview

  • There are four accepted methods of costing items: specific identification; first-in, first-out; last-in, first-out; and weighted-average.
  • Each method has advantages and disadvantages.
  • The specific identification method of inventory costing attaches the actual cost to an identifiable unit of product.
  • Under the specific identification method, the firm must identify each unit in inventory, unless it is unique, with a serial number or identification tag.
  • This method assumes the first goods purchased are the first goods sold.

• Selecting an Inventory Method

  • Specific Identification: Assume that a company bought three identical units of a given product at different prices.
  • Companies that use the specific identification method of 'inventory costing' state their cost of goods sold and ending inventory as the actual cost of specific units sold and on hand.
  • Some accountants argue that this method provides the most precise matching of costs and revenues and is therefore the most theoretically sound method.
  • However, one disadvantage of the specific identification method is that it permits the manipulation of income.
  • Summarize the differences between LIFO, FIFO and Specific Identification and explain how a company would use that information to select an inventory method

• Inventory Costs

  • Inventory costs depends on methods used, which include Specific Identification, Weighted Average Cost, Moving-Average Cost, FIFO, and LIFO.
  • Specific identification is a method of finding out ending inventory cost.
  • This method is also a very hard to use on interchangeable goods.
  • These number will need to be estimated, therefore reducing the specific identification's benefit of being extremely specific.
  • Weighted Average Cost is a method of calculating Ending Inventory cost.

• Technology and New Infectious Agents

  • Technology aids in the identification of new infectious agents, but it also contributes to the emergence of new diseases.
  • The use of advanced technology and molecular methods for detection, identification, and characterization of infectious agents is gaining importance in clinical microbiology laboratories.
  • Identification of an emerging pathogen by conventional methods is difficult and time-consuming due to the 'novel' nature of the agent.
  • Looking back at past epidemics or outbreaks caused by previously unknown infectious agents, we realize that identification and characterization of a new infectious agent can take years, decades, or even centuries.
  • Molecular techniques offer several advantages over conventional methods, including high sensitivity and specificity, speed, ease of standardization, and automation.

• Coupling Specific Genes to Specific Organisms Using PCR

  • Researchers can use PCR as a method of searching for genes by using primers that flank the target sequence of the gene along with all other necessary components for PCR.
  • The ability to identify specific genes to specific organisms has increased the use of PCR and has allowed it to be more specific and eliminate the possibility of cross contaminants.
  • The identification of specific genes to specific organisms has important medical diagnostic value.
  • PCR is a reliable method to detect the presence of unwanted genetic materials, such as infections and bacteria in the clinical setting.
  • It can even allow identification of an infectious agent without culturing.

• Diagnosing Microbial Diseases

  • The methods used to diagnose microbial disease include microbial culture, microscopy, biochemical tests, and molecular diagnostics.
  • The most common method to isolate individual cells and produce a pure culture is to prepare a streak plate.
  • It is established that most pathogenic bacteria can be grown on nutrient agar, and the addition or subtraction of specific nutrients can aid in further identification.
  • However, there are specific classes of microbe that require culture within live animals.
  • PCR allows for the identification and testing for nucleic acids which are specific to the infectious agent.

• Chemical Assays, Radioisotopic Methods, and Microelectrodes

  • There are numerous tests and assays available that are utilized to aid in bacterial identification in a variety of settings.
  • These assays are often utilized to aid in bacterial identification.
  • Three major types used for this purpose include chemical assays, radio isotopic methods and the use of micro electrodes.
  • This specific assay identifies which method bacteria use by cultivating bacteria in various conditions.
  • There are numerous tests utilized in bacterial identification which involve testing for hydrolysis of specific substances.

• Party Identification

  • Party identification refers to the political party with which an individual identifies.
  • Party identification is typically determined by the political party that an individual most commonly supports, by voting or other means. shows the shift of party identification between the 2004 and 2008 presidential elections.
  • Childhood Influence is one of main driving factors behind formation of party identification.
  • One method of measuring party identification uses the Likert Scale.
  • The Likert Scale is a 7 point scale to measure party identification:

• The Diagnostic Scheme

  • Given sufficient effort, all known infectious agents can be specifically identified.
  • The benefits of identification, however, are often greatly outweighed by the cost, as often there is no specific treatment, the cause is obvious, or the outcome of an infection is benign.
  • Diagnostic methods include microbial culture, microscopy, biochemical tests and molecular diagnostics:
  • In a microbial culture, a growth medium is provided for a specific agent.
  • Outline the various types of diagnostic methods used to diagnose a microbial infection