Which inventory method requires the least amount of technology?

The Physical Inventory Method is the correct answer as it necessitates minimal technology usage compared to the other methods. This approach involves manually counting and recording inventory at specific intervals, such as at the end of an accounting period. It is straightforward and typically does not require any sophisticated software or technology, just basic tools for counting, like worksheets or notebooks.

In contrast, the Identified Cost Method often relies on technology to track the specific costs of individual items, making it more complex and requiring systems that can manage detailed inventory records. The Perpetual Inventory Method continuously updates inventory records in real-time, which generally involves using technology or software to ensure accurate tracking of stock levels. FIFO (First In, First Out) requires a systematic method for recording inventory that often relies on technological assistance to ensure accurate cost calculations and stock rotations.

Overall, the simplicity and manual nature of the Physical Inventory Method distinguish it as the option that requires the least amount of technology.