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Odie's Pet Store Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The
Odie's Pet Store 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 Retail Beginning inventory $ 30,000 $ 50,000 Net purchases 125,000 220,000 Net markups 15,000 Net markdowns 6,000 Net sales 208,000 To the nearest thousand, estimated ending inventory is: $37,000 $51,000 None of these are correct $41,000
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