Business, 02.07.2021 21:40 frankieflores02

a. The gross profit method is not a practical method to use in real-world situations. b. The gross profit method is often used to estimate the year-end inventory for comparison to actual on-hand inventory. c. The gross profit method results in a less accurate inventory valuation than the retail inventory method. d. The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty.

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