174k views
16 votes
The conventional retail inventory method is based on

User Miquelvir
by
7.3k points

2 Answers

3 votes

Answer:

the relationship between a product's cost and its retail price

User Yehan
by
7.3k points
5 votes

Answer:

the relationship between a product's cost and its retail price. This method is used by businesses to get an idea of the cost of goods they have on-hand at the end of a particular reporting period.

Step-by-step explanation:

User Deepak Joshi
by
7.6k points