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 2024: Beginning inventory Net purchases Net markups Net markdowns Net sales Multiple Choice The estimated ending inventory is: Note: Round cost-to-retail ratio to 2 decimal places. O $73,991. $71,052. $76,302. Cost $ 115,000 367,000 $73,118. Retail $ 144,000 570,000 32,000 49,000 590,000

Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold, Th following data is available from the company records for the month of June 2024: The estimated ending inventory is: Note: Round cost-to-retail ratio to 2 decimal places. Multiple Choice $73,991 $71,052. $76,302 573,118

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