Excluding both markups and markdowns. Excluding markups but including markdowns. Excluding markdowns but including markups. Including both markdowns and markups. Textbook and Media ich of the methods in (b) above does the following? Cost-to-retail percentage Provides the most conservative estimate of ending inventory. 65.94 72.87 63.59 70.01 % % % % Attempts: 1 of 5 used

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.