Dubious Co. uses the conventional retail inventory method to account for inventory.

The following information relates to current-year operations:

Cost . Retail.

Beginning inventory & purchases$672$920

Net markups40

Net markdowns60

Sales 750

__________How much is the cost to retail ratio?

__________What is the selling price (retail value) of the goods in ending inventory?

__________What is the cost of Dubious' year end inventory?

__________What amount should be reported as cost of goods sold for the year?