Inventory estimates are normally associated with the periodic method of accounting for inventory.

Name: Inventory estimates are normally associated with the periodic method of accounting for inventory.
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The periodic method of accounting for inventory involves updating inventory balances and cost of goods sold at the end of an accounting period, rather than after each sale or purchase, making inventory estimates more common with this method to adjust for any discrepancies.

Inventory Estimates Are Normally Associated with the Periodic Method of Accounting