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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
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: Cost $125,000 399,000 Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $ 148,000 590,000 34,000 53,000 610,000 To the nearest thousand, estimated ending inventory is: Multiple Choice $80,000 $77,000 $82,000 None of these answer choices are correct
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