Comforters, Inc. uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the month of September 2021:

	Cost	Retail
Beginning inventory	$83,000	$96,000
Net purchases	29,772	34,590
Net markups		3,300
Net markdowns	560
Net sales		52,000

What is the companys cost-to-retail percentage for the month of September?

Group of answer choices

83.81%

84.23%

85.93%

86.36%