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	$	125,000			$	148,000
Net purchases		399,000				590,000
Net markups						34,000
Net markdowns						53,000
Net sales						610,000

To the nearest thousand, estimated ending inventory is:

Multiple Choice

• $80,000.

• $77,000.

• $82,000.

• None of these answer choices are correct.