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Which of the following is not a reason to use an estimated method of costing inventory? a. Perpetual inventory records are not maintained. b. Interim

Which of the following is not a reason to use an estimated method of costing inventory?

a. Perpetual inventory records are not maintained.

b. Interim financial statements are required but physical inventory is only taken once a year.

c. A disaster has destroyed the inventory records and the inventory.

d. Purchase records are not maintained.

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