The retail method is based on the assumption that
A. Final inventory and the total of goods availble for sale contain the same proportion of high cost and low cost ratio goods
B. Ratio of gross margin to sales is approximately the swme each period
C. Ratio of cost to retail changes at a constabt rate
D. Proportions of markup and markdowns to selling price are the same
Answer: A. Final inventory and the total of goods available for sale contain the same proportion of high cost and low cost ratio goods
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