Question: DK Super Stores Inc. uses the average cost retail method to estimate its ending inventory. Information at June 30, 2021, is as follows: Cost Beginning

DK Super Stores Inc. uses the average cost retail method to

DK Super Stores Inc. uses the average cost retail method to estimate its ending inventory. Information at June 30, 2021, is as follows: Cost Beginning inventory Net purchases Net sales Ending inventory Retail $105,000 375,000 380,000 $64,000 Required: Compute the cost-to-retail percentage used by DK. Cost-to-retail percentage %

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