Retail inventory method: This is one of the methods of determining the ending inventory. This method requires the retailer to keep a record of the total cost and the retail value of the goods purchased and available for sale. To prepare: To prepare an illustration in the way which retail inventory method reduces the inventory to market value.

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Chapter 9, Problem 16Q

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Retail inventory method: This is one of the methods of determining the ending inventory. This method requires the retailer to keep a record of the total cost and the retail value of the goods purchased and available for sale.

To prepare: To prepare an illustration in the way which retail inventory method reduces the inventory to market value.

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