Question: ! Required information Exercise 9 - 1 7 ( Algo ) Conventional and average cost retail methods; employee discounts [ LO 9 - 3 ,

!

Required information

Exercise

9 - 17 (

Algo

)

Conventional and average cost retail methods; employee discounts

[

9 - 3, 9 - 4]

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:

\

table

[[,

Cost,Retail

], [

Beginning inventory,$

44, 000,

64, 000

Help asap please

! Required information Exercise 9-17(Algo) Conventional and average cost retail methods;

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