alleryStart learning →When a physical count is impractical, which pair of methods can estimate inventory?
AEOQ and ABC methods
BPeriodic and perpetual
CFIFO and LIFO methods
DRetail and gross profit
Answer & Solution
Correct answer: D. Retail and gross profit
Where counting is impossible, the retail inventory method and the gross profit method are the two popular estimating techniques.
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Related questions
The ABC concept is based on whose law?An item needs 500 units a year at Rs 40 each. What is its annual usage value?After computing usage values, items are arranged in which order?In ABC analysis, how is an item's annual usage value computed?ABC class thresholds are what?Class B holds 30% of items. About what share of annual consumption value does it hold?Half of all items fall in class C. Roughly what share of consumption value do they hold?ABC analysis resembles which principle, where few items carry most value?