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Exercise 9-13(Algo) Retail inventory method; average cost [LO9-3] San Lorenzo General Store...

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Accounting

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:
\table[[,Cost,Retail],[Beginning inventory,$39,000,$54,000
\table[[,Cost,Retail],[Beginning inventory,$39,000,$54,000
\table[[,Cost,Retail],[Beginning inventory,$39,000,$54,000

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