The Retail Inventory Method May Be Used for All of the Following

Multiple Choice

The retail inventory method may be used for all of the following except:

A) Cost the raw materials inventory in a production facility.
B) Used to provide a means of converting a physical inventory, at retail, to a cost basis.
C) Adapted to approximate both lower-of-cost or market and FIFO cost.
D) Used to provide estimated inventory valuations when a physical inventory count is impracticable.