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