Which of the Following Is Not Required When Using the Retail

question 58

Multiple Choice

Which of the following is not required when using the retail inventory method?

• A) All inventory items must be categorized according to the retail markup percentage which reflects the item's selling price.
• B) A record of the total cost and retail value of the goods purchased.
• C) A record of the total cost and retail value of the goods available for sale.
• D) Total sales amount for the period.

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