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 $ $38,000$ $ $53,000$

Net purchases $13,27031,900$

Net markups $1,500$

Net markdowns $950$

Net sales $35,000$

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$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%.).$ Enter amounts to be deducted with a minus sign.$)$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 $2021$:

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$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%.).$ Enter amounts to be deducted

with a minus sign.$)$