Data below for the year ended december 31, 2018, relates to houdini inc. houdini started business january 1, 2018, and uses the lifo retail method to estimate ending inventory. cost retail beginning inventory $ 66,000 $ 104,000 net purchases 280,000 420,000 net markups 20,000 net markdowns 40,000 net sales 375,000 current period cost-to-retail percentage is:

63.6%

Explanation:

Given that,

Cost:

Beginning inventory = $ 66,000

Net purchases = $280,000

Total of cost = Beginning inventory + Net purchases

                    = $66,000 + $280,000

                    = $346,000

Retail:

Beginning inventory = $104,000

Net purchases = $420,000

Net markups = $20,000

Total of Retail = Beginning inventory + Net purchases + Net markups

                       = $104,000 + $420,000 + $20,000

                       = $544,000

Cost to retail percentage =

                                          =

                                          = 63.6%

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; yield to maturity;