In order to save the cost of counting inventory at year end, it is acceptable to use the gross profit method to determine ending inventory for the yearend financial statements Do you agree or disagree Explain ...

Disagree A companys gross profit margin does not ne ...

In order to save the cost of counting inventory at year end, it is acceptable to use

Question:

In order to save the cost of counting inventory at year end, it is acceptable to use the gross profit method to determine for the yearend financial statements. Do you agree or disagree? Explain.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...