Question: $ $ Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold.
$ $ 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 30,0 50,0 Beginning inventory 00 00 125 220, Net purchases 000 000 15,0 Net markups 00 6,00 Net markdowns 0 208 Net sales 000 To the nearest thousand, estimated ending inventory is: $51,000 $41.000. $37.000 None of these answer choices are correct
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