Under the retail inventory method:

Finance

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Under the retail inventory method:

A. A company measures inventory on its balance sheet by converting retail prices to cost.
B. A company measures inventory on its balance sheet at current selling prices.
C. A company measures inventory on its balance sheet on a LIFO basis.
D. None of the above is correct.

Answer: A. A company measures inventory on its balance sheet by converting retail prices to cost.

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