Book Inventory

1 Posts
1 Sections
1 Types

August 25, 2024 4 min read Definitions

Retail Inventory Method: Inventory Technique Using the Cost Method of Accounting

Accounting Finance Inventory Method Cost Method Retail Inventory Physical Inventory Book Inventory

The Retail Inventory Method is an inventory technique that estimates the cost of inventory by applying an average percentage of cost to the retail price of merchandise. This method can use either physical inventory counting or a perpetual inventory system.

Read more about Retail Inventory Method: Inventory Technique Using the Cost Method of Accounting.