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 Cost Retail $ 50,000 $ 70,000 Purchase returns Net markups Net markdowns Normal breakage Net sales 217,000 410,000 10,986 4,500 7,000 6,800 4,500 7,000 290,000 2,800 Employee discounts 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.e., 0.1234 should be entered as 12.34%).) Cost-to-retail percentage %