FIFA Footballs uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of September $30,20$x$2$:

Cost Retail

Beginning inventory $ $100,000$ $ $138,000$

Net purchases $319,000540,000$

Net markups $29,000$

Net markdowns $43,000$

Net sales $560,000$

FIFA's average cost$-$to$-$retail percentage is:FIFA Footballs uses a periodic inventory system and the average cost retail method to estimate ending inventory

and cost of goods sold. The following data is available from the company records for the month of September $30,$

$20\backslash$times $2$:

FIFA's average cost$-$to$-$retail percentage is:

Multiple Choice

$63\mathrm{.}0\%$

$64\mathrm{.}8\%.$

$69\mathrm{.}5\%$

$60\mathrm{.}2\%$