8 Inventory Costing Methods That You Might Not Know About
EMERGE App
OCTOBER 25, 2018
Melissa sells handicrafts from Mauritius at various festivals and fairs in Hawaii. George sells hand-painted beads imported from Peru. Instead, it takes the total retail value of goods, subtracts their total sales, then multiplies that amount by the cost-to-retail ratio (percentage of markup from wholesale purchase price).
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