Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018:
- The numerator for the current period's cost-to-retail percentage is:
A) $64,800.
B) $48,100.
C) $47,700.
D) $49,800.

Question

Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018: 
- The numerator for the current period's cost-to-retail percentage is:
A) $64,800. 
B) $48,100. 
C) $47,700. 
D) $49,800.

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11ea937b_3623_fceb_a419_698c49ca0b86_TB2599_00

Harvey's Junk Jewelry Started Business January 1, 2018, and Uses