Accounting MCQ Accounting Chapter 9 The conventional retail inventory method is based on:

The conventional retail inventory method is based on:

Naim 00:46 Accounting Chapter 9

The conventional retail inventory method is based on:

A. Average cost
B. LIFO cost
C. Average, lower of cost or market
D. LIFO, lower of cost or market

Answer: C. Average, lower of cost or market

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