Inventory Valuation Method - Retail Inventory and Gross Profit Method

Discussion in 'AS' started by ilearningcampus, Apr 1, 2014.

  1. Retail Inventory and Gross Profit methods are other inventory valuation method. Retail Inventory Method is based on the relationship between Cost and retail price. Gross Profit Method estimates the cost of ending inventory by applying the Gross Profit Ratio to Net Sales (at Retail).

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