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San Lorenzo General Store uses a periodic inventory system andthe retail inventory method to estimate ending inventory and costof goods sold. The following data are

San Lorenzo General Store uses a periodic inventory system andthe retail inventory method to estimate ending inventory and costof goods sold. The following data are available for the month ofOctobe \\begin{tabular}{|l|l|c|c|c|c|} \\hline & Cost & \\multicolumn{2}{c|}{ Retail } & \\multicolumn{2}{c|}{\\( \\begin{array}{c}\\text { Cost-to-Retail } \\\\ \\text { Ratio }\\end{array} \\)} \\\\ \\hlin 2 answers

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