All but which one of the following is information needed to calculate inventory valuation by the retail method?
A)Cost of goods available for sale at retail
B)Cost of goods available for sale at cost
C)Gross sales
D)Net sales
E)None of these

Question

Quizplus · Accepted Answer

The retail method of inventory valuation primarily requires the cost of goods available for sale (both at retail and at cost) and net sales. Gross sales are not directly needed for this calculation, as returns, allowances, and discounts must be subtracted from gross sales to obtain net sales, which are used in the calculation.

All but Which One of the Following Is Information Needed