Using the details below, compute for the cost of goods sold using the CONSERVATIVE RETAIL and 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 100,000 Spoilage and breakage 200,000The following information is available for the current year: Cost Retail Beginning inventory 650,000 1,200,000 Purchases 9,000,000 14,700,000 Freight in 200,000 Purchase returns 300,000 500,000 Purchase allowances 150,000 Departmental transfer in 200,000 300,000 Net markup 300,000 Net markdown 1,000,000 Sales 9,500,000 Sales discounts 100,000 Employee discounts 500,000 Estimated normal shoplifting losses 600,000 Estimated normal shrinkage 400,000