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 2018: Cost $50,000 17,490 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $65,000 33,100 2,700 1,550 47,000 Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October. Cost Retail Cost-to-Retail Ratio Beginning inventory Plus: Net purchases Net markups Less: Net markdowns Goods available for sale 00 Cost-to-retail percentage Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost