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 2018: $ 50,080 $ 70,000 217,000 410,000 Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts 4,500 7,000 6,800 4,500 7,000 290,000 2,800 Sales are recorded net of employee discounts. Required: 1. Compute estimated ending inventory and cost of goods sold for March applying the conventional retail method. 2. Recompute the cost-to-retail percentage using the average cost method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute estimate ending inventory and cost of goods sold for March applving the conventional retall method Com pute estima Cost Retail