c. To permit the computation of net income without a physical count of inventory
d. To defer income tax liability
59. What condition is not necessary in order to use the retail method to provide inventory results?
a. Retailer keeps a record of the total costs of products sold for the period.
b. Retailer keeps a record of the total costs and retail value of goods purchased.
c. Retailer keeps a record of the total costs and retail value of goods available for sale.
d. Retailer keeps a record of sales for the period.
60. What method yields results that are essentially the same as those of the conventional retail method?