Examlex
Danielle wants a legend to appear below a chart.She should do which of the following?
Gross Profit Method
An inventory estimation technique that determines the cost of goods sold and ending inventory using the gross profit margin.
Gross Profit Method
A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.
Retail Inventory Method
An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.
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