ABC company has the following information is available for June 2019:

Cost

Inventory, 1 June

$ 60,000

Purchases

Purchase returns

270,000

2.500

350.000

1.500

Freight-in

5.500

Net markups

Net markdownst

19.500

16.000

Sales

3.500

If ABC company uses the cost method to determine its ending inventory at cost what is the cost to retail ratio?

Sales discount

Retail

$ 100,000

A.

82.0% 57.0%

B.

OC C.

67.5%

75.3%

OD.