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 Retail $46,000 $61,000 32,700 2,300 1,350 43,000 Cost Beginning inventory Net purchases Net markups Net markdowns Net sales 20,255 Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October. Cost-to-Retail Ratio Cost Retail Beginning inventory Plus: Net purchases Net markups Less: Net markdowns Goods available for sale