In calculating the cost-to-retail percentage for the retail method, the retail column will not include:
A)Purchases.
B)Purchase returns.
C)Abnormal shortages.
D)Freight-in.

Name: In calculating the cost-to-retail percentage for the retail method, the retail column will not include: A)Purchases. B)Purchase returns. C)Abnormal shortages. D)Freight-in.
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Question

Quizplus · Accepted Answer

Freight-in is included in the cost column, not the retail column, when calculating the cost-to-retail percentage.

In Calculating the Cost-To-Retail Percentage for the Retail Method, the Retail