Big B Stores uses the conventional retail method to value its ending inventory. The following information relates to Big B's inventory at both cost and retail for the current year. Click the icon to view the inventory records.) Compute Big B's ending inventory for the current year using the conventional retail method. (Round all percentages to two decimal places.) Complete the partial table below to determine the cost-to-retail ratio. In the following step, complete the table by selecting the labels and entering the amounts needed to estimate Big B's ending inventory using the conventional retail method. (If an input field is not used in the table, leave the input field empty; do not enter a zero. Round all percentages to two decimal places, X.XX%. Round all currency amounts to the nearest whole dollar. LCM = lower-of-cost-or-market) Description Subtotal Cost-to-retail ratio Cost-to-Retail Cost Retail Ratio % Data table Description Cost Retail Beginning inventory $ 55,000 $ 78,500 Purchases 245,000 325,000 Additional markups 24,000 Markup cancellations Markdowns Markdown cancellations Sales 7,000 12,000 3,500 400,000 Print Done