Question: How are abnormal shortages handled when using the retail inventory method to estimate ending inventory? Multiple Choice A .Deducted in the retail column after the
How are abnormal shortages handled when using the retail inventory method to estimate ending inventory?
Multiple Choice
A .Deducted in the retail column after the calculation of the cost-to-retail percentage
B. Added in the cost column
C. to both the cost and to net sales
D. Deducted in both the cost and retail columns before the calculation of the cost-to-retail percentage
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