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 2013: Cost Retail Beginning inventory $ 56,000 $ 76,000 Purchases 223,000 416,000 Freight-in 12,352 Purchase returns 7,500 10,000 Net markups 7,400 Net markdowns 5,100 Normal breakage 10,000 Net sales 296,000 Employee discounts 1,800 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 (average, LCM). (Negative amounts should be indicated by a minus sign.)