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VARVARA [1.3K]
2 years ago
15

To use the _____ method, a company must maintain records of inventory and purchases at cost and at current selling price.

Business
1 answer:
rjkz [21]2 years ago
7 0

To use the retail inventory method, a company must maintain records of inventory and purchases at cost and at current selling price.

What is the Retail Inventory Method?

The retail inventory method is a method of accounting used to analyse the value of a store's merchandise. The retail method gives the ending inventory balance for a store by calculating the cost of inventory similar to the price of the merchandise.

What are benefits of the retail inventory method and how is it applied?

The main benefits  of the retail inventory method lies in its simplicity. It's a quick calculation that can give you an probable  of how much inventory you have. This can help  you in taking decisions when it comes to purchasing and budgeting.

Learn more about retail inventory :

brainly.com/question/24304410

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Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

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