Required Information Exercise 9-17 (Algo) Conventional and average cost retail methods; employee discounts (LO9-3, 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 2021 Beginning Inventory Purchases Freight-in Durchase returns Net sarkup Net markdowns Noreal breakage Net sales Employee discounts Cost Retail $ 58,000 $ 78,000 225,000 415,000 21,060 8,500 11,000 7,600 5,300 11,000 290,000 2.00 Sales are recorded net of employee discounts Exercise 9-17 (Algo) Part 2 2. Recompute the cost-to-retall percentage using the average cost method. (Round your percentage answer to 2 decimal places ile.. 0.1234 should be entered as 12.34%)