Johnson controls Inc. uses the retail method to estimate inventory at the end of each month. For the month of November the following information is available: 1. Beginning inventory at cost $55,000 (at retail $87,000) 2. Net purchases at cost $130,000 (at retail $210,000) 3. Net markups $12,000 4. Net markdowns $9,000 5. Net sales of $200,000 Compute the cost-to-retail percentage for the retail inventory method for both the average cost and conventional approaches. Average Cost: Do not include percentage signs in your answer. Indicate decimal places with a period. Round answers to four decimal places. 62.29 X 62.29 Conventional Method: Do not include percentage signs in your answer. Indicate decimal places with a period. Round answers to four decimal places. 63.22 X 63.22