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 $ 53,000 $ 68,000 Net purchases 13,755 33,400 Net markups 3,000 Net markdowns 1,700 Net sales 50,000 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
Beg inventory
plus : net purchase
net markups
less: markdowns
goods avail for sale
cost to retail percentage
less: net sales
estimated ending inventory at retail
estimated ending inventory at cost
estimated cost of goods sold