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Does the conventional lcm retail inventory formula

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Reference no: EM132703102

Question 1: What is the formula for calculating ending inventory using the Conventional LCM Retail Inventory method?

Question 2: What is the formula for calculating Cost to Retail Ratio using the conventional LCM retail inventory method?

Question 3: Does the Conventional LCM retail inventory formula include markups and exclude markdowns when calculating the ending inventory and the cost to retail ratio?

Question 4: What is the formula for calculating ending inventory using the LIFO retail inventory method?

Question 5: What is the formula for calculating cost to retail ration using the LIFO retail inventory method?

Reference no: EM132703102

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