Question: 37 With regard to the retail inventory method, which of the following is the most accounts statement? A. Generally, accountants ignore net markups and net markdowns in computing the cost-price percentage. B. Generally, accountants include both net markups and net markdowns in computing the cost-price percentage. C. This method results in a lower ending inventory cost if net markups are included but net markdowns are excluded in computing the cost- price percentage. D. It is not adaptable to LIFO costing.

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Q: Please help with correct solution

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A: Step 1: Introduction to the Retail inventory methodThe retail inventory method is mainly used in…

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A: "Since you have asked multiple questions, we will solve first question for you. If you want any…