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 these answer choices are correct.
Answer:A
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 these answer choices are correct.