Question: Which statement is true about the gross prote method of inventory valuation? If may be used to estimate inventories for interim statements. It may be

Which statement is true about the gross prote method of inventory valuation?
If may be used to estimate inventories for interim statements.
It may be used to estimate invertories for annual statements.
Which calculated on selling price, it will always be more than the related percentage based on cost.
It eliminates the reed for plynical imentories.
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Which statement is true about the gross prote

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