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13 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

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13 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 2021 0.4 pointa coat $16, 18, De inventory Net purchases Net was Net Markdowns Net sales Retail 551,90 31,00 1.100 50 33, look Hint Required: Complete the table below to estimate the average cost of ending inventory and cost of goods sold for October using the information provided (Round ratio calculation to 2 decimal places (.e. 0.1234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Coat Retail fatio rences $ 30.000 13.800 Beginning inventory Net Durch Nermarkus Netmarowns Goods available for sale $1,000 11.700 1.300 8500 03.150 40 300 Cass.to-retail berger Nel cas Estimated ning inventory at retail Estimated ending inventory atost Estimated cost of goods sold

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