Question 3 ABC company has the following information is available for June 2019 Cost Retail Inventory 1 June $ 60,000 $ 100,000 Purchase 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 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? 82.0% 8 57.0% OC 75.3% OD 67.596 Moving to another question will save this response