Data below for the year ended December 31, 2021, relates to Houdini Inc. Houdini started business January 1, 2021, and uses the LIFO retail method to estimate ending inventory. Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $ 72,000 $108,000 309,760 460,000 24,000 44,000 411,000 Current period cost-to-retail percentage is: Multiple Choice O 69.7%. O 66.7%