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2. An item must possess two characteristics to be classifi ed as inventory by a merchandiser. What are these two characteristics? 3. Your friend Art
2. An item must possess two characteristics to be classifi ed as inventory by a merchandiser. What are these
two characteristics?
3. Your friend Art Mega has been hired to help take the
physical inventory in Jaegar Hardware Store. Explain
to Art Mega what this job will entail.
8. What is a major advantage and a major disadvantage of the specifi c identifi cation method of inventory
costing?
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