Question: Clarabell Inc. uses the conventional retail method data for the most recent quarter is shown below estimate ending inventory. Cost 23 Retail Cost $126,000$205,000 Beginning

Clarabell Inc. uses the conventional retail method data for the most

Clarabell Inc. uses the conventional retail method data for the most recent quarter is shown below estimate ending inventory. Cost 23 Retail Cost $126,000$205,000 Beginning inventory 430,000 Net purchases 731,000 Net markups 57,000 23,000 699.000 Net markdowns et sales The conventional cost-to-retail percentage (rounded) is: Multiple Choice 61.7% 54.3% 56.0% 62 8%

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