A store that has very limited inventory commonly uses the

inventory method.

Question

Business

Taliyah Hinton

18 January, 13:22

A store that has very limited inventory commonly uses the

inventory method.

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Answers (1)

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Aldo Park · 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.