The cost to retail ratio for Macy's Inc. is 60%. The inventory at retail on Dec 15, 2019 was $50,000. On December 16, $5,000 of sales were recorded. On December 16: The inventory at cost would be $27,000 The inventory at Retail would be $27,000 The inventory at cost would be $55,000 The sales would be $35.000 The inventory at retail would be $44,000