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
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: Cost Retail Beginning inventory $ 112,500 $ 143,000 Net purchases 359,000 565,000 Net markups 31,500 Net markdowns 48,000 Net sales 585,000 To the nearest thousand, estimated ending inventory is
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