Question 11 ABC company has the following information is available for June 2019: Retail I Cost Inventory, 1 June $ 60,000 $ 100,000 Purchases 270,000 Purchase returns 2,500 350,000 1,500 Freight-in 5,500 - Net markups 9,500 Net markdowns Sales 16,000 400,000 Sales discount 3,500 If ABC company uses the cost method to determine its ending inventory at cost. what is the cost to retail ratio? A. 57.0% B. 67.5% OC. 82.0% D. 75.3%