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 2020 Cost $52,00 19,035 Beginning inventory Net purchases Net markups Net narkdowns Net sales Retail $62,000 33,300 2.900 1,650 49.000 Check my work 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 5 52,000 19.095 Beginning inventory Net purchases Netmarkups Net markdowns Goods available for sale Retail Cost to Retail Ratio 67.000 33,300 2,900 (1650) 101,550 71 085 Cotto-wal percentage 5 101.550 Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold