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Conventional Retail Method Assignment

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February 18th, 2020

Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail $127.000$206,000 Beginning inventory 432.000 733,000 Net purchases Net markups Net markdowns Net sales 58,000 24,000 700,000 The conventional cost-to-retail percentage (rounded) is: Multiple Choice 0 62.3% 0 56.1% 0 619%. 0 54.3%. .

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