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Clarabel Inc uses the conventional retall method to estimate ending Inventory. Cost! data for the most recent quarter is shown below. Cost Retail $120,000 $199.000

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Clarabel Inc uses the conventional retall method to estimate ending Inventory. Cost! data for the most recent quarter is shown below. Cost Retail $120,000 $199.000 Beginning inventory Net purchases Net markups Net markdowns Net sales 418,000 719,000 51.000 29.000 693,000 The conventional cost-to-retall percentage (rounded) is: Multiple Choice

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