Question: The difference between the conventional and cost retail inventory methods is: O Markdowns are accounted for as part of goods available for sale under the

The difference between the conventional and cost retail inventory methods is: O Markdowns are accounted for as part of goods available for sale under the cost method, but not the conventional method O Purchase returns are not accounted for under the cost method Shipping costs are not accounted for under the conventional method O Markups are accounted for as part of goods available for sale under the conventional method, but not the cost method 47

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