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A major advantage of the retail inventory method is that it hides costs from competitors and customers provides a method for inventory control and facilitates determination of the periodic inventory for certain types of companies gives a more accurate statement of inventory costs than other methods provides reliable results in cases where the distribution of items in the inventory is different from that of items sold during the period

A major advantage of the retail inventory method is that it hides costs from competitors and customers provides a method for inventory control and facilitates determination of the periodic inventory for certain types of companies gives a more accurate statement of inventory costs than other methods provides reliable results in cases where the distribution of items in the inventory is different from that of items sold during the period

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 78.1C: Errors in Ending Inventory From time to time, business news will report that the management of a...
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A major advantage of the retail inventory method is that it O hides costs from competitors and customers provides a method for inventory control and facilitates determination of the periodic inventory for certain types of companies gives a more accurate statement of inventory costs than other methods provides reliable results in cases where the distribution of items in the inventory is different from that of items sold during the period
Transcribed Image Text:A major advantage of the retail inventory method is that it O hides costs from competitors and customers provides a method for inventory control and facilitates determination of the periodic inventory for certain types of companies gives a more accurate statement of inventory costs than other methods provides reliable results in cases where the distribution of items in the inventory is different from that of items sold during the period
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