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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: Cost Retail $129,000 $220,000

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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: Cost Retail $129,000 $220,000 Beginning inventory Net purchases 436,000 737,000 Net markups Net markdowns Net sales 60,000 26,000 1702,000 The conventional cost-to-retail percentage (rounded) is: Multiple Choice 0 54.4%. 0 62.3%. 0 70.6% 0 55.6%

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