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Exercise 9 - 1 3 ( Algo ) Retail inventory method; average cost [ LO 9 - 3 ] San Lorenzo General Store uses a

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[[Beginning inventory,Cost,Retail],[Net purchases,$37,000,$52,000
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