Question: Drill Problem 1 8 - 1 6 ( Algo ) [ LU 1 8 - 2 ( 1 ) ] From the following, calculate the

Drill Problem

18 - 16 (

Algo

) [

18 - 2 (1)]

From the following, calculate the cost ratio and the cost of ending inventory to the nearest cent under the retail method. Note: Round the "cost ratio" to the nearest hundredth percent. Round the "cost of ending inventory" to the nearest cent.

\

table

[[

Net sales at retail for year,$

39, 000

and the cost of ending inventory to the nearest cent under the

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