If the physical inventory is less than the amount calculated using the retail method, then there may be a theft problem.

Name: If the physical inventory is less than the amount calculated using the retail method, then there may be a theft problem.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The retail method estimates inventory value by converting retail prices to cost, and if physical inventory is less than this estimate, it could indicate theft, loss, or other discrepancies.

If the Physical Inventory Is Less Than the Amount Calculated