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View Policies Current Attempt in Progress To produce an inventory valuation which approximates the lower of cost or market using the conventional retail inventory method,

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View Policies Current Attempt in Progress To produce an inventory valuation which approximates the lower of cost or market using the conventional retail inventory method, the computation of the ratio of cost to retail should ignore both markups and markdowns. include markups and markdowns, include markups but not markdowns. include markdowns but not markups. M

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