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:

$\backslash$table$[[$Beginning inventory,Cost,Retail$],[$Purchases$,$$$42,000,$$$62,000$

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Required information

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:

$\backslash$table$[[,$Cost,Retail$],[$Beginining inventory,$$42,000,$$$62,000$