-In the Accompanying Figure,the Third Field in the Subform Is

question 38

Short Answer

-In the accompanying figure,the third field in the subform is ____________________.

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Definitions:

Retail Method

The retail method is an accounting technique used to estimate inventory value by converting the retail price of inventory to cost based on a cost-to-retail price ratio.

Estimated Inventory

An approximate valuation of inventory, used when an exact figure cannot be easily determined.

Retail Method

An accounting procedure for estimating the value of a store's merchandise by using the cost to retail price ratio.

Manufacturing Businesses

Companies that produce new products from raw materials through various processes, machinery, and operations.