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 2021: Beginning inventory Purchases Freight-in Purchase returns Net markups Het markdowns Normal breakage Het sales Employee discounts Cost Retail $ 59,000 $ 79,000 226,000 419,000 15,578 9.000 11,500 7,700 5,400 11, 500 299,000 2, 100 Sales are recorded net of employee discounts. 2. Recompute the cost-to-retail percentage using the average cost method (Round your percentage answer to 2 decimal places (.e., 0.1234 should be entered as 12.34%).) Cost to rotat percentage