If the Cost to Retail Ratio Is 60% and Ending

question 144

True/False

If the cost to retail ratio is 60% and ending inventory at retail is $45,000, then estimated ending inventory at cost is $27,000.

---

Definitions:

Black And White

A color mode for documents or images that uses only shades of gray, eliminating all color.

Print

The process of producing text, images, or graphics on paper or other tangible materials, typically using a printer.

Zoom Slider

A graphical control element used to magnify or reduce the view of content on a screen.

Close-Up View

A detailed view or zoomed-in perspective of an object or area, used to focus attention or highlight detail.