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What Is an Unconformity? Describe the Three Types of Unconformities

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What is an unconformity? Describe the three types of unconformities.

Comprehend the retail inventory method and its application.
Understand how to account for damaged and obsolete inventory.
Understand the concept and calculation of ending inventory in various scenarios, including FOB shipping point and destination, consignment, and transit goods.
Identify and apply internal controls and procedures for physical inventory counts.

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