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 $41,000 21,230 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $56,000 32,200 1,800 1,100 38,000 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 (i.e., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Retail Cost-to-Retail Ratio $ 41,000 $ 21,230 56,000 32,200 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale 1,800 (1,100) 88,900 62,230 Cost-to-retail percentage % $ 88,900 Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold