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DK Super Stores Inc. uses the average cost retail method to estimate its ending inventory. Information at June 30, 2021, is as follows: Cost Beginning

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DK Super Stores Inc. uses the average cost retail method to estimate its ending inventory. Information at June 30, 2021, is as follows: Cost Beginning inventory Net purchases Net sales Ending inventory Retail $105,000 375,000 380,000 $64,000 Required: Compute the cost-to-retail percentage used by DK. Cost-to-retail percentage %

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