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: Beginning inventory Net purchases Net markups Net markdowns Net sales Cost $122,500 Retail $147,000 391,000 585,000 33,500 52,000 605,000 To the nearest thousand, estimated ending inventory is

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