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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 2021: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts Cost Retail $ 46,000 $ 66,000 213,000 486,000 15,558 7,800 9,000 6,400 4,180 9,000 286,000 2,400 Sales are recorded net of employee discounts. Required: 1. Compute estimated ending inventory and cost of goods sold for March applying the conventional retail method (Round ratio calculation to 2 decimal places (.e., 0.1234 should be entered os 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Retail Cont-to-Retail Ratio $ 66,000 406,000 Beginning inventory Purchases Freight in Purchase returns Net markups 46,000 $ 213,000 15,558 (7.000) (9,000) 6,400 469 400 (4.100) 465,300 Not markdowns Goods available for sale 267 558 Cost-to-retail percentage (conventional retail method) Normal breakage Net sales Sales Employee discounts Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold (286.000) (2.400) 176,900 $ 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 2021 Cost Retail $ 46,00 $ 66,000 213,000 106,000 15,558 7,000 Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts 4,100 9,000 286,000 2.400 Sales are recorded net of employee discounts 2. Recompute the cost-to-retail percentage using the average cost method. (Round your percentage answer to 2 decimal places (ie. 0.1234 should be entered as 12.34%).) Conspectos