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 2021: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost $48,000 10,170 Retail $63,000 32,900 2,500 1,450 45,000 Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October using the information provided. (Round ratio calculation to 2 decimal places (i.e., 0.1234 should be entered as 12.34%. ). Enter amounts to be deducted with a minus sign.) Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Cost-to-retail percentage Cost Cost-to-Retail Retail Ratio $ 48,000 $ 63,000 10,170 32,900 2,500 (1,450) 58,170 96,950 Net sales Estimated ending inventory at retail Estimated ending inventory at cost $ 96,950 Estimated cost of goods sold