San Lorenzo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the month of October 2018:

	Cost			Retail
Beginning inventory	$	38,000		$	53,000
Net purchases		13,270			31,900
Net markups					1,500
Net markdowns					950
Net sales					35,000

Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October.

Cost Retail Cost-to-Retail Ratio Beginning inventory Plus: Net purchases Net markups Less: Net markdowns Goods available for sale Cost-to-retail percentage Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold