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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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