Respuesta :
The dollar-value LIFO cost-to-cost retail ratio does not include all the options
The dollar-value LIFO cost-to-cost retail ratio is a measure of the relationship between the cost of goods sold (COGS) using the last-in, first-out (LIFO) method and the retail value of the items sold. It is calculated by dividing the COGS using the LIFO method by the retail value of the goods sold.
The method does not include purchases, or beginning or ending inventory, as these items are not relevant to the ratio calculation. The ratio only considers the cost of goods sold and the retail value of the goods sold during a specific period of time. Further, the net markups and markdowns are not included in the calculation of the dollar-value LIFO cost-to-cost retail rate Markups and markdowns refer to the difference between the cost of goods and their selling price and are not considered part of the cost of goods sold.
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