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A real money balance is which of the following?
FIFO Retail Inventory Method
An inventory costing method that assumes items are sold in the order they were purchased or produced, first-in, first-out, applied specifically to retail inventories.
Cost-to-retail Percentage
Cost-to-retail percentage is a ratio used in retail to convert the ending inventory at retail prices back to a cost basis for financial reporting.
Net Markups
The amount by which the selling price of an item exceeds its cost, after accounting for discounts, allowances, and returns.
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