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 2016:

	Cost			Retail
Beginning inventory	$	47,000		$	62,000
Net purchases		10,480			32,800
Net markups					2,400
Net markdowns					1,400
Net sales					44,000

Required:

Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October.