Under the retail method

A. Conventional retail, retail FIFO, and retail LIFO methods are allowed under GAAP.
A.		Both conventional retail method and retail LIFO method are conservative since cost-to-market percentages are adjusted downward to reflect LCM.
B.		Excluding net markdowns from the cost-to-retail percentage leads to lower inventory cost, lower CGS, and lower current period income.
C,		None of the available responses is true.