Grand Department Store, Incorporated, 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: Required: 1. Using the conventional retail ending inventory method, prepare a schedule computing estimated lower of cost or market (LCM) inventory and cost of goods sold for October. Required: 1. Using the conventional retail ending inventory method, prepare a schedule computing estimated lower of cost or market inventory and cost of goods sold for October