Question: Which statement is incorrect about the retail inventory method? a. It may be used to expedite physical inventory counts. b. It may be used to

Which statement is incorrect about the retail inventory method?

a.

It may be used to expedite physical inventory counts.

b.

It may be used to estimate inventories for interim statements.

c.

It may be used by auditors.

d.

There is only one version of the retail inventory method.

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