Question: ne's Music Store uses the average cost retail inventory method to for Caroline'co retail inventory method to determine its ending inventory. The accounting wing information
ne's Music Store uses the average cost retail inventory method to for Caroline'co retail inventory method to determine its ending inventory. The accounting wing information Cost Purchases Beginning inventory Sales Net markups Net markdowns Employee discounts Retail $108,000 $137,750 34,000 156,900 21,500 7,500 14,500 28,000 What is the cost-to-retail percentage to be used for ending inventory calculations
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