COMPANY K USES THE RETAIL INVENTORY METHOD. BELOW ARE THE RELEVANT INFORMATION FOR THE CURRENT YEAR.     COST RETAIL BEGINNING INVENTORY 117,000 183,000 PURCHASES 442,000 605,000 FREIGHT IN 8,000   EMPLOYEE DISCOUNT   3,000 NET MARKUPS   22,000 NET MARKDOWN   22,500 MARKUP CANCELLATION   5,000 MARKDOWN CANCELATION   6,000 NET SALES   585,000 SALES ALLOWANCE AND DISCOUNTS   15,000  what is the ending inventory at retail company k uses the average cost method, what is the cost ratio

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A:

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A:

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