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Inventory, 1 June ABC company has the following information is available for June 2019: Retail $ 100,000 Cost $ 60,000 Purchases 270,000 350.000 Purchase

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Inventory, 1 June ABC company has the following information is available for June 2019: Retail $ 100,000 Cost $ 60,000 Purchases 270,000 350.000 Purchase returns 2,500 1.500 Freight-in 5,500 Net markups 9.500 Net markdowns 16.000 Sales 400.000 3.500 Sales discount If ABC company uses the cost method to determine its ending inventory at cost. what is the cost to retail ratio? OA. 67.5% B. 57.0% O C. 75.3% D. 82.0%

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