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1 New York Sales Inc. uses the conventional retail method to estimate its ending inventories. The 0 following data has been summarized for December 31.

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1 New York Sales Inc. uses the conventional retail method to estimate its ending inventories. The 0 following data has been summarized for December 31. 2013: 4. Cost Retail Inventory. January 1 $160000 Purchases 533.000 Net markups 12.000 Net markdowns 9. 100 Net sales 532.000 Inventory. Dec. 3] $31235 Required: Compute the costtoretail percentage used try New York Sales Inc

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