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 $51,000 19,280 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $66,000 33,200 2,800 1,600 48,000 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 (ie., 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost-to-Retail Ratio $ Cost 51,000 $ 19,280 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Retail 66,000 33.200 2,800 (1.600) 100,400 70,280 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold Almaden Valley Variety Store uses the retail inventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Net sales Cost Retail $ 28,000 $ 36,000 118,600 181,000 4,875 7,500 9,500 14,000 11,000 5,800 168,000 Required: Complete the table below to estimate the ending inventory and cost of goods sold for 2021, applying the conventional retail method 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 $ 36,000 181,000 Beginning inventory Purchases Freight-in Purchase returns Net markups 28,000S 118,600 4,875 (7.500) 14,000 (11.000) Net markdowns Goods available for sale 143,975 Cost-to-retail percentage % (5.800) (168,000) Normal spolago Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold