(Answered) The brenly paint company your client manufactures paint the

Accounting

The Brenly 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 has asked you for information about the retail method of estimating inventories at the retail store.

Required:

Prepare a report to the president explaining the retail method of estimating inventories.

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