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 M$$rch:

$\backslash$table$[[,$Cost,Retail$],[$Beginning inventory,$$60,000,$$$80,000$

Furthermore, recompute the cost$-$to$/$retail percentage uding the average cost method.