Question: A general store uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data

A 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 March:
Required:
Compute the following using the information provided.
Goods available for sale at cost and retail
Cost to retail percentage
Estimated ending inventory at cost and retail
Estimated cost of goods sold
A general store uses a periodic inventory system and the retail

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