Explain what basic assumption is implicit in the gross margin inventory estimation method. Why would this assumption

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Explain what basic assumption is implicit in the gross margin inventory estimation method. Why would this assumption be a challenge to defend for many companies? Identify steps a company could take to overcome this challenge and strengthen the estimates made using this method.
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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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