company has the following information for the current year's operations: Beginning inventory Purchases Niet markups Net markdowns Net sales Cost Retail $ 40,000 $ 60,000 400,000 660,000 50,000 10,000 580,000 Management calculates the cost-to-retail percentage as 571%, equal to cost of $440,000 ($40.000+ $400,000) divided by retail of $770,000 ($60,000 $560,000 $50,000, which application of the retail inventory method is the company using Multiple Choice Average DLFO Cane