The answer to number 1 is correct, I just need the answer to number 2 with how you did it please.

3. 1.00 points value: LeMay Department Store uses the reta nventory 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 2013: Cost Retail Beginning inventory 56,000 76,000 Purchases 223,000 416,000 Freight-in 12,352 7,500 10,000 Purchase returns Net markups 7,400 5,100 Net markdowns 10,000 Normal breakage Net sales 296,000 1,800 Employee discounts Sales are recorded net of employee discounts