Debbie's Bling Shop uses the lower of average cost or market retail inventory method to determine its ending inventory. The accounting records for the current year for Debbie's contained the following information: 
In addition, the accounting records for Debbie's disclosed that freight-in charges were $6,700 and sales returns were $2,833. What is the cost-to-retail percentage to be used for ending inventory calculations?
Definitions:
Departmentalization
The process of dividing an organization into different departments, which perform specific roles or tasks, to increase efficiency.
Working Units
Working Units are the functional divisions or departments within an organization, each specialized in specific tasks or operations that contribute to the overall objectives of the entity.
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