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. Sales are recorded net of employee discounts 1. Compute estimated ending inventory and cost of goods sold for March applying the conventional retail method.. Required: Note: Round rotio calculation to 2 decimal places (Le., 0.1234 should be entered os 12.34%.). Enter amounts to be deducted with a minus sign. Required: 1. Compute estimated ending inventory and cost of goods sold for March appling the conventionafretail method Note: Round ratio calculation to 2 decimal ploces (Le. 0.1234 should be entered as 12.34% ). Enter amounts to be deducted with o minus sign. Required information LeMay Department Store uses the retail inventory method to estimate ending invent statements. The following data pertain to one of its largest departments for the mon Sales are recorded net of employee discounts. 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