Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below:
- The conventional cost-to-retail percentage (rounded) is:
A) 82.6%.
B) 66.7%.
C) 71.9%.
D) 75.5%.

Question

Willie Nelson's Boots uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: 
- The conventional cost-to-retail percentage (rounded) is:
A) 82.6%. 
B) 66.7%. 
C) 71.9%. 
D) 75.5%.

Quizplus · Accepted Answer

11ea937b_3625_5c95_a419_370aa1bf7158_TB2599_00 11ea937b_3625_83a6_a419_eb677e3c5265_TB2599_00

Willie Nelson's Boots Uses the Conventional Retail Method to Estimate