Question: 4 (1 point) Which statement is not true about the gross profit method of inventory valuation? Question 4 options: 1) It may be used to

4 (1 point) Which statement is not true about the gross profit method of inventory valuation? Question 4 options: 1) It may be used to estimate inventories for interim statements. 2) It may be used to estimate inventories for annual statements. 3) It may be used by auditors. 4) None of these

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