Data below for the year ended December 31, 2018, relates to Houdini Inc. Houdini started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. 
- Current period cost-to-retail percentage is:
A) 70.0%.
B) 68.7%.
C) 63.6%.
D) 63.5%.
Correct Answer:
Verified
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