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Question 10 ABC company has the following information is available for June 2019: Retail $ 100,000 Cost Inventory, 1 June $ 60,000 Purchases 270,000
Question 10 ABC company has the following information is available for June 2019: Retail $ 100,000 Cost Inventory, 1 June $ 60,000 Purchases 270,000 Purchase returns 2,500 Freight-in 5,500 Net markups Net markdowns Sales 350,000 1.500 - 9,500 16,000 400,000 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. 75.3% OB. 82.0% Oc 67.5% OD. 57.0%
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