Question: $ 000 Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold.

$ 000 Benny's Bed Co. uses a periodic inventory system and

$ 000 Benny's Bed 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 2018, Cost Retail Beginning inventory 30,0 $ 50,0 00 00 125 220, Net purchases 000 15,0 Net markups 00 6,00 Net markdowns 0 208. Net sales 000 The average cost-to-retail percentage (rounded) is: 58.7% 74.5% 55.6% 57.4%

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