Under the LIFO retail method, which of the following are not included in the denominator of the cost-to- retail conversion percentage?

12 months ago

Rakesh Khan

1 minute

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Under the LIFO retail method, which of the following are not included in the denominator of the cost-to- retail conversion percentage?

A. Freight-in
B. Purchase returns
C. Purchases
D. Net markdowns

Answer: A. Freight-in

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