Which Closing Inventory Method Multiplies The Number Of Units Of Each Item By The Most Recent Price
3 Methods To Calculate Closing Inventory 1 (1) The Gross Profit Method#N#To calculate closing inventory by the gross profit method, use these 3 steps:#N#Add the cost… 2 (2) The Retail Inventory Method#N#This approach is popular among retailers to calculate closing inventory. It’s a little… 3 (3) Physical Counting Method More…