Using the details below, compute for the cost of goods sold using the conservative retail. * Cost Retail Beginning inventory 340,000 640,000 Purchases 4,500,000 7,300,000 Freight in 100,000 Purchase return 150,000 250,000 Purchase allowance 90,000 Departmental transfer in 100,000 160,000 Net markup 150,000 Net markdown 500,000 Sales 6,600,000 Sales allowance 50,000 Employee discount Spoilage and breakage 100,000 200,000 Your answer Using the details below, compute for the cost of goods sold using the average cost retail. * Cost Retail Beginning inventory 340,000 640,000 Purchases 4,500,000 7,300,000 Freight in 100,000 Purchase return 150,000 250,000 Purchase allowance 90,000 Departmental transfer in 100,000 160,000 Net markup 150,000 Net markdown. 500,000 Sales 6,600,000 Sales allowance 50,000 Employee discount Spoilage and breakage 100,000 200,000