Please answer Part 1 and 2.

Thank you so much :)

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: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discounts Cost Retail $ 58,000 $ 78,000 225,000 418,000 21,060 8,50 11,000 7,600 5,300 11,000 298,000 2.000 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. Cost-to-Retail Cost Retail Ratio 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: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal breakage Net sales Employee discour Cost Retail $ 58,000 $ 78, eee 225,880 418,000 21,060 8,500 11,000 7,600 5,300 11,000 298, eee 2.ee 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 (i... 0.1234 should be entered as 12.34%).) Cont-to-rotall porcentago