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Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Retail Cost $
Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Retail Cost $ 46 Beginning inventory $ 63 Net purchases 154 Net markups Net markdowns Net sales The conventional cost-to-retail percentage (rounded) is: 75.5%. 0 66.7%. 82.6%. 71.9%
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