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When calculating the cost to retail ratio, if it is the conventional retail method, the beginning inventory is included and markdowns are not deducted. if

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When calculating the cost to retail ratio, if it is the conventional retail method, the beginning inventory is included and markdowns are not deducted. if it is the conventional retail method, the beginning inventory is excluded and markdowns are not deducted, if it is the average cost retail method, the beginning inventory is included and markdowns are not deducted. if it is the conventional retail method, the beginning inventory is included and markdowns are deducted

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