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: Cost Retail Beginning inventory $50,000 $65,000 Net purchases 17,490 33, 100 Net markups 2,700 Net markdowns Net sales 47,000 1,550 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 (i.e., 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost Cost-to-Retall Ratio 50,000 $ 17.490 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Retail 65,000 33,100 2.700 (1,550) 99.250 67.490 Cost-to-retail percentage $ 99.250 Net sales Estimated ending inventory at retail Estimated ending Inventory at cost Estimated cost of goods sold