Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,700,000. According to independent appraisals, the fair values were $3,525,000 $1,175,000, $5,875,000, and $1175,000 for the building, patent, land, and equipment, respectively. The initial value of the patent would be: Multiple Choice $970,000 $1.425.000 o TI e 1G14 AM hop 14 weert prve Saved Help Save & Exit Submit Marilee's Electronics 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 June 2021: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost $117,500 375,000 Retail $145,000 575,000 32,500 50,000 595, eee To the nearest thousand, estimated ending inventory is: O BE E 10:18 AM S/ hp