accounting

Exercise 9.13 (Algo) Retail inventory method; averoge cost [LO9-3] San Lorenzo General Store uses a periodic inventory system and the retal inventory method to estimate ending inventory and cost of goods soid 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 rotio calculotion to 2 decimal ploces (i.e., 0.1234 should be entered as 12.34% ). Enter amounts to be deducted with o minus sign