Question: What is Retail Inventory Method? Discuss the difference between Cost method and Conventional method of retail inventory? Access the financial statements of a retail store

What is Retail Inventory Method? Discuss the difference between Cost method and Conventional method of retail inventory? Access the financial statements of a retail store ( Kroger, Costco, Macy, JC penny or Home Depo etc.) publicly traded company and discuss how the inventory is determined.

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