Question: Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data

retail method to estimate ending inventory and cost of goods sold. The

Marilee's Electronics 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 June 2021: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $ 90,000 $134,000 287,000 520,000 27,000 39,000 540,000 To the nearest thousand, estimated ending inventory is Multiple Choice $60,000 $57,000. $62,000 None of these answer choices are correct

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