Cost Retail Beginning Inventory $20,000 $35,000 Net Purchases $45,000 $80,000 Net Markups $12,000 Net Markdowns ($7,000) Net Sales $100,000 According to the values given, what is the estimate of cost of goods sold under the average cost retail method?

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To estimate the cost of goods sold COGS under the average cost retail method we need t... View the full answer