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Clarabell Inc, uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below. Beginning inventory Net purchases

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Clarabell Inc, uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below. Beginning inventory Net purchases Cost $ 112, 000 402 000 Retail 191. 000 703 000 43,0 00 21,0 00 685 000 Net markups Net markdowns Net sales The conventional cost-to-retail percentage (rounded) is: 58.9% 53.6% 70.6% 54.9%

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