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 $53,000 13,755 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $68,000 33,400 3,000 1,700 50,000 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.) 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 $ 68,000 Beginning inventory Net purchases Net markups 53,000 13,755 33,400 Net markdowns 3,000 (1,700) 102,700 Goods available for sale 66,755 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold