Current Attempt in Progress

The retail inventory method is based on the assumption that the

proportions of markups and markdowns to selling price are the same.

ratio of cost to retail changes at a constant rate.

ratio of gross margin to sales is approximately the same each period.

final inventory and the total of goods available for sale contain the same mix of goods with similar gross profits.

Last saved $1$ hour ago.

Saved work will be auto$-$submitted on the due date. Autosubmission can take up to $10$ minutes.

Attempts: $0$ of $1$ used