An inventory method which is designed to approximate inventory valuation at the lower of cost and net realizable value is
A. Average retail method
B. FIFO retail
C. Conventional retail method
D. LIFO retail
Answer: C. Conventional retail method
An inventory method which is designed to approximate inventory valuation at the lower of cost and net realizable value is
A. Average retail method
B. FIFO retail
C. Conventional retail method
D. LIFO retail
Answer: C. Conventional retail method
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.