An advantage of using the retail method of inventory costing is
a. that it provides inventory figures for preparing monthly and quarterly financial statements when the periodic system is used.
b. that it allows management to monitor operations more closely when the number of physical inventories is reduced.
c. that it may be used as an aid in taking a physical inventory.
d. All of these choices are correct.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An advantage of using the retail method of inventory costing is a. that it provides inventory figures for preparing monthly and quarterly ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » An advantage of using the retail method of inventory costing is a. that it provides inventory figures for preparing monthly and quarterly financial statements when the periodic system is used. b.