A store that has very limited inventory commonly uses the

inventory method.

Question

Nash Armstrong

Business

14 June, 07:04

A store that has very limited inventory commonly uses the

inventory method.

+1

Answers (1)

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Jonas Buckley · Answer 1

The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise. Along with sales and inventory for a period, the retail inventory method uses the cost-to-retail ratio.

A store that has very limited inventory commonly uses theinventory method.

A store that has very limited inventory commonly uses the

inventory method.