Question: (5 points) When using the Retail Inventory Method (RIM) you can adjust your estimates to approximate ending inventory for any of the normal inventory flow

(5 points) When using the Retail Inventory Method (RIM) you can adjust your estimates to approximate ending inventory for any of the normal inventory flow methods. Which of following methods is approximated using the Conventional Approach? (A 21) Lower-of-cost-or-market Average cost Last in, first out First in, first out

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