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Required Informetion Exercise 9-17 (Algo) Conventional and average cost retail methods; employee discounts [ LO9-3, 9-4] LeMay Department Store uses the retail imventory method to

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Required Informetion Exercise 9-17 (Algo) Conventional and average cost retail methods; employee discounts [ LO9-3, 9-4] LeMay Department Store uses the retail imventory 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: Exercise 9-17 (Algo) Part 2 2. Recompute the cost-to-retall percentage using the averoge cost method. Note: Round your percentage answer to 2 decimal ploces (Le, 0.1234 should be entered as 12.34% )

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