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 avallable for the month of October: Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October using the information provided. Note: 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. \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|c|}{ Retail } & \multicolumn{2}{|l|}{\begin{tabular}{c} Cost-to-Retail \\ Ratio \end{tabular}} \\ \hline Beginning inventory & s & . 50,000 & $ & 65,000 & & \\ \hline Net purchases & & & & & & \\ \hline Net markups & & & & & & \\ \hline Net markdowns & & & & & & \\ \hline Goods available for sale & & & & & & \\ \hline Cost-to-retail percentage & & & & & & % \\ \hline Net sales & & & & & & \\ \hline Estimated ending inventory at retail & & & & & & \\ \hline Estimated ending inventory at cost & & & & & & \\ \hline Estimated cost of goods sold & & & & & & \\ \hline \end{tabular}