Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021: Cost $117,500 375,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $145,000 575,000 32,500 50,000 595,000 The average cost-to-retail percentage is: Multiple Choice o 0 672% o 76.5% O 718% Saved Help Save & E LUDL NELLE $117,500 375,000 Beginning inventory Net purchases Net markups Net markdowns Net sales $145,000 575,000 32,500 50,000 595,000 The average cost-to-retail percentage is: Multiple Choice