For 2025 , the cost of goods available for sale for Ivanhoe Corporation was $4700000. The gross profit rate on sales was 25%. Sales for the year were $4200000. Ivanhoe will report ending inventory of $0. $1050000. $1175000. $1550000. Wildhorse Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $475800 ( $724680) ), purchases during the current year at cost (retail) were $2507100 ( $4026000 ), freight-in totaled $157380, sales during the current year totaled $3660000, net markups were $87840 and net markdowns were $131760. What costs should be excluded from the cost to retail ratio? $87840.$131760.$43920.$157380
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