Big C Stores uses the conventional retail method to value its ending inventory. The following information relates Big C's inventory at both cost and retail for the current year. (Click the icon to view the inventory records.) Compute Big C's ending inventory for the current year using the conventional retail method. (Round all percenta 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 C's ending inventory using the conventiona 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 = lowe of-cost-or-market) Cost-to-Retail Description Cost Retail Ratio Beginning inventory 55,440 $ 77,000 Purchases Net markups 224,560 307,000 16,000 Subtotal 280,000 $ 400,000 70.00 Cost-to-retail ratio %