Answer is complete but not entirely correct. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ Beginning inventory } & \multicolumn{2}{|r|}{ Cost } & \multicolumn{2}{|r|}{ Retail } & \multicolumn{2}{|l|}{ Cost-to-Retail Ratio } \\ \hline & \$ & 43,000 & $ & 63,000 & & \\ \hline Purchases & & 210,0000 & & 403,000 & & \\ \hline Freight-in & & 17,322 & & & & \\ \hline Purchase returns & & (5,500) & & (7,500) & & \\ \hline \multirow[t]{2}{*}{ Net markups } & & & & 6,1000 & & \\ \hline & & & & 464,600 & & \\ \hline Net markdowns & & & & (3,800) & & \\ \hline Goods avalable for sale & & 264,822 & & 460,800 & & \\ \hline Cost-to-retail percentage (conventional retail method) & & & & & 57.47 & % \\ \hline Normal breakage & & & & (7,500) & & \\ \hline \multicolumn{7}{|l|}{SalesNetsales:} \\ \hline Sales & & & & (280,900) & & \\ \hline Employee discounts & & & & (2,100) & & \\ \hline Estimated ending inventory at retail & & & $ & 170,300 & & \\ \hline Estemated ending inventory at cost & & (97,871) & & & & \\ \hline Estimated cost of goods sold & & 166,951 & & & & \\ \hline \end{tabular} Required information LeMay Department Store uses the retall 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: 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. Note: Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with minus sign. 2. Recompute the cost-to-retail percentage using the average cost method. Note: Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34% )