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: Beginning inventory Cost $ 44,000 Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts Retail $ 64,000 211,000 404,000 21,396 6,000 8,000 6,200 3,900 8,000 284,000 2,200 Sales are recorded net of employee discounts. Exercise 9-17 (Algo) Part 2 2. Recompute the cost-to-retail percentage using the average cost method. Note: Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34%). Cost-to-retail percentage %