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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

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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 2021 Beginning inventory Thurch Freight-in Turchsettur Het markup Het markdowne Normal breakage Net als Employee discounts cost $ 52,000 5 72,000 219,000 412,000 19,490 5.500 8,000 7.000 4,700 2,000 292,000 3,000 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. (Round ratio calculation to 2 decimal places (.e. 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sian Required: 1. Compute estimated ending inventory and cost of goods sold for March applying the conventional retail method. (Round ratio calculation to 2 decimal places (.e., 0.1234 should be entered as 12.34%.)Enter amounts to be deducted with a minus sign.) Carl Retail Console Rallo $ 72,000 412,000 Beginning inventory Purchases Freight in Purchase retums Netmarkus 52.000 $ 219,000 19,470 (5,500) (8,000) 7.000 483.000 (4,700) 478,300 Nut markdowns Goods available for sale 284970 Cost to retail percentage (conventional retail method) Nonto breakage Net als Sales Employen discounts Estimated ending Inventory at retail Estimated ending inventory at cost Esmated cost of goods sold (292,000) (3.000) 183,300 5 0 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 Purchase Traight-in Purchase returns Netmarkupe et markdown Normal breakage et sa ployee discount co $ $2,000 $ 72,000 219.000 412.000 19,670 5.500 0.000 7.000 4.700 8,000 352.000 3,000 Sales are recorded not of employee discounts 2. Recompute the cost-to-retail percentage using the average cost method. (Round your percentage answer to 2 decimal places (... 0.1234 should be entered as 12.34%).)

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