Question: What is the conventional retail inventory method? Select answer from the options below a retail inventory method that assumes that the most recently purchased merchandise

What is the conventional retail inventory method? Select answer from the options below a retail inventory method that assumes that the most recently purchased merchandise will be the first merchandise sold a retail inventory method that also requires a physical count a retail inventory method that is based on cost alone a retail inventory method that is based on the lower-of-average-cost-or-market

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