please answer with explanations!!

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 $53,000 13,755 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $68,000 33.400 3,000 1.700 50, een 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 5 53 000 $ 13,755 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Retail Cost to Retail Ratio 68.000 33.400 3,000 (1.700) 102.700 66.755 Prey 6 of 6 Next Cost Ret $ 53,000 $ 13,755 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale 68,000 33,400 3,000 (1.700) 102.700 66.755 Cost-to-retail percentage 65.00 % 50,000 52,700 Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 34,450 32,305