With a small group of students, identify and visit a retail store that uses periodic inventory procedure
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With a small group of students, identify and visit a retail store that uses periodic inventory procedure and uses the retail inventory method for preparing interim (monthly or quarterly) financial reports. Discover how the retail inventory method is applied and how the end-ofyear inventory amount is calculated. Write a report to your instructor summarizing your findings.
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Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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