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The method of computing inventory that uses records of the selling prices of the merchandise is called?
Wiki User
∙ 11y ago
retail method
Wiki User
∙ 11y ago
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What is merchandise inventory?
Merchandise inventory is the quantity of goods that are not being sold and will remain on the companyÕs record or with intent in re-selling the goods to the third party. Goods that are not sold can also be possibly returned to the suppliers.
What is the difference between stock and inventory?
The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.
Expenses that are incurred directly or entirely in connection with the sale of merchandise are classified as?
Selling Expenses
What typically doesn't have an inventory account?
Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
What is merchandise inventory?
Merchandise inventory is the quantity of goods that are not being sold and will remain on the companyÕs record or with intent in re-selling the goods to the third party. Goods that are not sold can also be possibly returned to the suppliers.
What is enterprice computing?
enterprise computing is a selling of goods and product via internet
Is one direction merchandise sold at their concerts?
Yes, they have a stand selling merchandise at their concerts.
What is the difference between stock and inventory?
The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.
How does Michael Jackson make his money?
By performing, selling records and other merchandise, and making people pay money for rights to use a Beetle's song (because he owns the rights to nearly all of the songs).
What part of the profits from selling NFL merchandise do the players gets?
17%
When did Jessie j start selling records?
Jessie J started selling records on April 11th 2007.
What is retail selling and retail buying?
This is the buying of merchandise (wholesale) and resell (Retail).
How do companies liquidate excess inventory that isn't selling?
Companies have several options when liquidating inventory. They can hold liquidation sales for the public. Or they can send their inventory to be auctioned by bulk.
When will they stop selling dragonballz movies?
''They'' will never stop selling. You can order from dragon ball z stores and get merchandise and other things
Is an inevtory an asset or liability?
Inventory is a current assets of company because by selling the inventory company earns revenue and generate profit
How can Kmart get away with selling stolen merchandise?
By having their famous Blue Light Special
