_____ is a non-historical cost method and is also called as Retail inventory method. a) LIFO method b) Adjusted selling price method c) Average price method d) Standard price method
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Explanation:
b)Adjusted selling price method.
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Explanation:(b) Adjusted selling price method.
It is widely used in retail business or in business where the inventory comprises of items, the individual costs of which are not readily ascertainable.
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