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: Cont $41,000 21,230 Beginning inventory Not purchases Net markupe Net markdowns Net sales Retail $56,000 32,200 1,800 1,100 38,000 Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October 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 0 0 Cost-to-retail percentage Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold