2019
Account	Cost	Retail
Inv, Jan 1	$ 4,000	9,000
Purchases	11,000	19,000
Freight In	2,000
Markups		1,000
Markup Cancelations		300
Markdowns		500
Markdown Cancelations		100
Net Sales		14,000
Employee Discounts		1,500
Normal Shortage		500

1. Using the Conventional Method, what is the Cost-to-Retail Ratio for 2019?
2. Using the Conventional Method, what is the ending inventory valued at Cost for 2019?
3. Using the LIFO Retail Method, what is the Cost-to-Retail Ratio for 2019?

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