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dollar-value retail method

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A method used by retailers for estimating the cost of ending inventory without tracking the individual units of product.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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