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zo General Store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data
zo 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 2018 Retail Cost $55,000 16,400 Reginning inventory Net purchases Net markups Net markdowns Net sales $70,000 33, 600 3,200 1, 800 2, 000
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