1.
The Benly
Paint Company, your client, manufactures paint. The company’s president, Mr.
Brenly, decided to open a retail store to sell paint as well as wallpaper and
other items that would be purchased from other suppliers. He asked you for
information about the retail method of estimating inventories at the retail
store.
Prepare
a report to the president explaining the retail method of estimating
inventories.
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