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San Lorenzo General Store uses a periodic inventory system and the retail inventory method to...

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Question

Accounting

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:
Required:
Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October using the information
provided.
Note: 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.
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