Problem 3 Chapter 9 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 2018: Cost $41,600 21,210 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 Cost Retail Cost-to-Retail Ratio Beginning inventory Plus. Net purchases Net markups Less: Net markdowns Goods available for sale 0 Cost-to-retail percentage Less: Net Sales Estimated ending inventory at retail Estimated endngwentory at cost Estimated cost of goods sold