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 $46,000 20,255 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $61,000 32,700 2,300 1,350 43,000 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.) Retail Cost-to-Retail Ratio $ $ Cost 46,000 $ 20,255 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale 61,000 32,700 2,300 (1,350) 94,650 66,255 Cost-to-retail percentage 70.00 % 33,650 61,000 $ Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 42,700 23,555 $