Question: The two methods used to estimate inventories are? Direct write off method & net realizable value method Market value method & inventory valuation method Gross

The two methods used to estimate inventories are?

Direct write off method & net realizable value method

Market value method & inventory valuation method

Gross profit method & retail method

Perpetual records methods & Estimation methods

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!