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Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following

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Benny's Bed Co. 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 September 2021 Cost $ 46,000 205,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $ 66,090 3ee, ee 31, eee 14, eee 224,000 The average cost-to-retail percentage (rounded) is: Multiple Choice 65.5% O 844% 68.6% 67.3%

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