Class what is the difference between the conventional retail method and the plain old retail method?

Answer and explanation:

The difference between the conventional retail method and the plain old retail method relies on what is considered to measure the company's inventory. The conventional retail method uses the firm's finances as inventory. This approach weighs the price for purchasing products art cost versus the price at which the products are sold to consumers. Instead, the old retail method estimates the value of ending inventory using the cost to retail price ratio.