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
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
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.