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laura's department store usesthe average cost retail inventory method to determine the ending inventory. the accounting records for the current year for Laura's contained the

laura's department store usesthe average cost retail inventory method to determine the ending inventory. the accounting records for the current year for Laura's contained the following information: in addition, the accounting records for laura's disclosed that purchases returns at cost and retail were $1,950 and $4250, respectively. what is the cost-to-retail percentage to be used for ending inventory calculations

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