Retail inventory method It is a method of estimating the cost of inventory, and it establishes a relationship between the cost and sale price. This method shows both the cost and retail value of the goods available for sale in a company’s record. The estimated cost of ending inventory using the retail inventory method.

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Chapter 6, Problem 6.12BE

To determine

Retail inventory method

It is a method of estimating the cost of inventory, and it establishes a relationship between the cost and sale price. This method shows both the cost and retail value of the goods available for sale in a company’s record.

The estimated cost of ending inventory using the retail inventory method.

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