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What does these abbreviation /keyword mean in Media ?
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Gross Profit Method
An inventory estimation method used to estimate the cost of goods sold and ending inventory based on the gross profit margin.
Retail Inventory Method
An accounting method used in the retail industry to estimate inventory cost by relating the cost of merchandise and its retail price.
Retail Inventory Method
An accounting method used by retailers to estimate inventory cost by using a cost-to-retail price ratio.
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