Homework 9: Chapter 9 Swed 9 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 Doints 8 02.08 Cost $48.000 10,170 Beginning inventory Net purchases et markup Netmarkdowns Net sales Retail $63.000 32,900 2,500 1.450 45,000 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 $ 48,000 $ 10.170 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Cost to Retail Retall Ratio 63.000 32,900 2 500 (1.450) 96,950 58,170 Cost to retail percentage % $ 96,950 Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold