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Which is not one of the three basic methods to calculate the value of inventory?

A. The average cost method

B. The estimate cost method

C. The first-in, first-out method

D. The last-in, first-out method



Answer :

GinnyAnswer

Final answer:

The estimate cost method is not one of the three basic methods to calculate inventory value, which are the average cost method, FIFO, and LIFO.


Explanation:

The estimate cost method is not one of the three basic methods to calculate the value of inventory. The other methods are the average cost method, the first-in, first-out method (FIFO), and the last-in, first-out method (LIFO). The estimate cost method involves estimating costs rather than directly calculating them based on specific inventory flow assumptions.


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