Clarabell Inc. uses the conventional retail method to estimate ending inventory, Cost data for the most recent quarter is shown below Cost Retail $121,000 $200,000 Beginning inventory 420,000 721000 Net purchases Net markups Net markdowns Net sales 55,000 30,000 694,000 The conventional cost-to-retail percentage (rounded) is Multiple Choice 53.8% 554% The conventional cost-to-retail percentage (rounded) is: Multiple Choice 538%. 55,4%. 607% 654%