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Which of the following inventory costing procedures requires a physical count of merchandise a minimum of once a year at yearend?

Which of the following inventory costing procedures requires a physical count of merchandise a minimum of once a year at yearend? 


the retail method

the average cost method

the gross profit method

the lower of cost or market method

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Other Answers

The average cost method The average cost method assumes... View the full answer

The correct option is... View the full answer

Physical count refers to the counting of the units of inventory... View the full answer

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