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Drill Problem 1 8 - 1 6 ( Algo ) [ LU 1 8 - 2 ( 1 ) ] From the following, calculate the

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Drill Problem 18-16(Algo)[LU 18-2(1)]
From the following, calculate the cost ratio and the cost of ending inventory to the nearest cent under the retail method. Note: Round the "cost ratio" to the nearest hundredth percent. Round the "cost of ending inventory" to the nearest cent.
\table[[Net sales at retail for year,$39,000
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