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: Cost Retail Beginning inventory $41,000 $56,000 Net purchases 21,230 32,200 Net markups 1,800 Net markdowns 1,100 Net sales 38,000 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.) Cost Retail Cost-to-Retail Ratio $ 41,000 $ 21,230 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale 56,000 32,200 1,800 (1.100) 88,900 62,230 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold