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Aztec Corporation 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 September:

Cost Retail

Beginning inventory $ $23,200$ $ $36,800$

Net purchases $11,600?$question mark

Net markups $4,300$

Net markdowns $1,300$

Net sales $?$question mark

The company used the average cost flow method and estimated inventory at the end of September to be $$19,894\mathrm{.}00.$ If the company had used the LIFO cost flow method, the cost$-$to$-$retail percentage would have been $50\%.$

Required:

Compute net purchases at retail and net sales for the month of September using the information provided.Aztec Corporation 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 September:

The company used the average cost flow method and estimated inventory at the end of September to be $$19,894\mathrm{.}00.$ If the company

had used the LIFO cost flow method, the cost$-$to$-$retail percentage would have been $50\%.$

Required:

Compute net purchases at retail and net sales for the month of September using the information provided.

Note: Do not round your intermediate calculations.

Net purchases at retail

Net sales

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