Ches Exercise 9-13 (Algo) Retail inventory method; average cost (LO9-3] 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: points 02:11:17 Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $55,000 $70,000 16,400 33,600 3,200 1,800 52,000 eBook Print Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October using the information provided. a Reference Cost Retail Cost-to- Retail Ratio Beginning inventory Plus: Net purchases Net markups Less: Net markdowns Goods available for sale Cost-to-retail percentage Less: Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold