San Lorenzo General Store uses a perlodic 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 2020 Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retan 354,000 $69,000 18,695 33,500 3,100 1,750 51,000 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 de 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost Retail Cost totall Ratio $ 54,000 $ 18,695 Beginning inventory Not purchases Net markups Net markdowns Goods available for sale + 69,000 33,500 3.100 (1.750) 103,850 72,695 Cost-to-retail percentage 70.00 % Net sales $ 103850 Estimated ending inventory at retal Estimated ending inventory at cost Estimated cost of goods sold 72,695