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 2016:

Beginning inventory: Cost $30,000 Retail $50,000

Net purchases: Cost $125,000 Retail $220,000

Net markups: Retail $15,000

Net markdowns: Retail $6,000

Net Sales: Retail $208,000

To the nearest thousand, estimated ending inventory is:

A.) $41,000

B.) $37,000

C.) $51,000

D.) None of these answer choices are correct.

Please show work