40.

Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of September 2021. Cost $ 40,000 175,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $ 60,000 270,000 25,000 11,000 218,000 To the nearest thousand, estimated ending inventory is: Multiple Choice $81,000. $77,000. Multiple Choice $81,000. $77,000. $91,000. None of these answer choices are correct