Bendik's Electrical 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 2018:

	Cost				Retail
Beginning inventory	$	80,000			$	130,000
Net purchases		261,000				500,000
Net markups						25,000
Net markdowns						35,000
Net sales						520,000

The average cost-to-retail percentage is:

Group of answer choices

56.8%.

55%.

61.5%.

52.2%.