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Clarabell Inc. uses the conventional retail method data for the most recent quarter is shown...

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Accounting

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Clarabell Inc. uses the conventional retail method data for the most recent quarter is shown below estimate ending inventory. Cost 23 Retail Cost $126,000$205,000 Beginning inventory 430,000 Net purchases 731,000 Net markups 57,000 23,000 699.000 Net markdowns et sales The conventional cost-to-retail percentage (rounded) is: Multiple Choice 61.7% 54.3% 56.0% 62 8%

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