Question: Question 16 $ 402 Co.C uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost

Question 16 $ 402 Co.C uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Retail 112, 191, Beginning inventory 000 000 703, Net purchases 000 000 43,0 Net markups 00 21,0 Net markdowns 00 685, Net sales 000 The conventional cost-to-retail percentage (rounded) is: 53.6% 58.996. 54.9%. 70.6%

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