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Saved San Lorenzo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The

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Saved 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 Help Save & Exit Sube Beginning inventory Net purchases Net narkupe Netmarkdown Net sales Cost $39,000 17,290 Retail $54,000 32,000 1.600 1,000 36.000 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 (ie., 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) $ Cost 39,000 $ 17.290 Beginning inventory Net purchases Net markups Net markdowns Goods available for sale Cast-to-Retail Retail Ratio 54,000 32.000 1,500 (1,000) 86,600 56,290 Cost-to-retail percentage 65.00 % $ Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold 86,600 56,290 0 + $ op The Genworth Company adopted the dollar value LIFO method on January 1, 2021 when the inventory value of its one Inventory poor was $612,000 The company decided to use an external index, the Consumer Price Index (CP), to adjust for changes in the cost level . On January 1, 2021, the CPI was 260. On December 31, 2021, Inventory valued at year-end cost was $693,000 and the CPI was 273 Required: Calculate the inventory value at the end of 2021 using the dollar-value LIFO method Date 12/31/2021 Inventory DVL Cont

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