Question: What function requires the following assumptions? 1. Beginning inventory plus purchases equals the total goods to be accounted for. 2. Goods not sold must be
What function requires the following assumptions? 1. Beginning inventory plus purchases equals the total goods to be accounted for. 2. Goods not sold must be on hand. 3. Sales, in terms of cost, deducted from the total goods accounted for equals ending inventory. Select answer from the options below determining gross profit percentage determining inventory by a physical count determining inventory costs after a basket purchase determining inventory with the gross profit method
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