Estimated ending inventory at cost & Estimated cost of goods sold

LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to one of its largest departments for the month of March 2021: $ 53,000 $ 73,000 220,000 413,000 14,068 293,000 Beginning inventory Purchases Freightin Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts Cost 6,000 Ret ail 8,500 7,100 4, goo 8,500 1,500 Sales are recorded net of employee discounts.