Ramona Sales Corporation provided the following information on its beginning inventory and purchases for the year. (Click the icon to view the inventory records.) In addition, it recorded sales (at retail) of $167,000. What ending inventory and cost of goods sold will Ramona record under the basic retail method? Complete the partial table below to determine the cost-to-retail ratio. In the following step, complete the table by selecting the labels and entering the amounts needed to determine Ramona's ending inventory and cost of goods sold using the basic retail method. (Round the cost-to-retail ratio to the nearest whole number.) Description Goods Available for Sale Less Ending Inventory-retail Ending Inventory-cost Cost Retail Cost-to-Retail Ratio Data table Cost Retail Beginning inventory $ 27,400 $ Purchases 107,400 43.500 165.000 Print Done