Exercise 9-13 (Static) cail 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 $35,000 19, 120 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail 550,000 31,600 1,200 800 32,000 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 (ie, 0.1234 should be entered os 12.34%). Enter amounts to be deducted with a minus sign.) Cost $ 35,000 $ 19,120 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Retail Cost to Retail Ratio 50,000 31,600 1.200 (800) 82,000 54,120 Cost-to-retail percentage % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold