The claim is sometimes made that the retail cost method is an approximation of the weighted-average method since the cost-to-retail percentage is computed as a weighted average of the cost-retail relationship of all goods available for sale during the period.
Required:
Evaluate the validity of the statement above.

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The Answer of The claim is sometimes made that the retail cost method is an approximation of the weighted-average method since the cost-to-retail percentage is computed as a weighted average of the cost-retail relationship of all goods available for sale during the period.
Required:
Evaluate the validity of the statement above.

The Claim Is Sometimes Made That the Retail Cost Method