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What type of structure is shown in this figure?
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.
Net Markdowns
The total reduction in selling price of inventory, subtracting markdown reversals, to adjust for decrease in market value or to stimulate sales.
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