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The retail inventory method indicated an inventory value of $80,000. A physical inventory indicated a value of $70,000. Suggest possible causes of this discrepancy.

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The retail inventory method indicated an inventory value of $80,000. A physical inventory indicated a value of $70,000. Suggest possible causes of this discrepancy.

Answered Same Day Dec 31, 2021

Solution

Robert answered on Dec 31 2021
119 Votes
The retail inventory method indicated an inventory value of
$80,000. A physical inventory indicated a value of $70,000. Suggest
possible causes of this discrepancy.
The retail inventory method indicated an inventory value of $80,000. A physical inventory
indicated a value of $70,000. The...
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