Estimating Inventory: Gross Profit and Retail Methods

Sometimes we need to estimate inventory. There are two methods to estimate inventory:

► 1 Gross Profit Method
► 2 Retail Method
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ACCOUNTING FOR INVENTORY

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CHAPTERS

00:00 Intro
00:40 Gross profit method
04:55 Retail method


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This content is for education and entertainment purposes only. Finally Learn does not provide accounting, tax, financial planning, or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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10/25/2021