Question: Please provide the correct answer to this general accounting problem using accurate calculations. Riverside Stores uses the retail inventory method. The following imformation 1s available

Please provide the correct answer to this general accounting problem using accurate calculations.

Riverside Stores uses the retail inventory method. The following imformation 1s available for the current year: Net markdowns Sales revenue $1,090,000 If Riverside Stores values its ending inventory at approximately lower of average cost or market, the calculation of the cost ratio should be based on cost and retail of- a. $925.000 and $1.465.000 b. $955,000 and $1.507,000 c. $925,000 and $1,423,000 d. $955,000 and $1.463,000

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