Grand Department Store, Inc., uses the retail Inventory method to estimate ending Inventory for its monthly financial statements. The following data pertain to a single department for the month of October 2021: $ 17,000 27,000 95,566 143,500 4.800 Inventory, October 1, 2021. At cost At retail Purchases (exclusive of freight and returns): At coat At retail Freight-in Purchase returns At cont At retail Additional markupa Markup cancellations Markdowns (net) Normal spoilage and breakage Sales Sales returns 1.800 2,500 2,200 250 770 4,200 140.550 7.820 Required: 1. Using the conventional retail method, prepare a schedule computing estimated lower of cost or market (LCM) Inventory for October 31, 2021. (Round your cost-to-retail percentage to 2 decimal places (.e., 0.1234 should be entered as 12.34) and round your final answers to the nearest whole dollar.) Required: 1. Using the conventional retail method, prepare a schedule computing estimated lower of cost or market (LCM) inventory for October 31, 2021. (Round your cost-to-retall percentage to 2 decimal places (i.e., 0.1234 should be entered as 12.34) and round your final answers to the nearest whole dollar.) Cost Retail Cost to Reta Ratio Beginning inventory Goods available for sale (excluding net markdowns) Cost to-retail percentage Goods available for sale (including net markdowns) Estimated ending inventory at retail Estimated ending inventory at cost