QUESTION 9 Vera Distributors 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 April 2021 Cost 138,960 300,000 Beginning inventory Net purchases Net markups Net markdowns Net Sales Retail 156,000 600,000 30,000 42,000 624000 The average cost to retail percentages The estimated ending inventory is TTTA T.EE