Question: please help Mary's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The
Mary's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021: The average cost-to-retail percentage is: 'Hint average method includes both markups and markdowns in calculating the retail value of goods. A) 52% B) 61.5 55% D) 56.8%
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