accounting

Exercise 9-15 (Algo) Retail inventory method; LIFO [LO9-3] Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold The following data are avaliable: Required: Complete the table below to estimate the LFO cost of ending inventory and cost of goods sold using the information provided. Assume stable retail prices during the period. Note: Round rotio calculation to 2 decimal ploces (i.e., 0.1234 should be entered as 12.34% ). Enter amounts to be deducted with a minus sign