Benny's Bed Co. 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 September 2018.
-To the nearest thousand, estimated ending inventory is:
A) $41,000.
B) $37,000.
C) $51,000.
D) None of these answer choices are correct.

Question

Benny's Bed Co. 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 September 2018.  
-To the nearest thousand, estimated ending inventory is:
A) $41,000. 
B) $37,000. 
C) $51,000. 
D) None of these answer choices are correct.

Quizplus · Accepted Answer

11ea937b_3624_e75b_a419_07c20a39c96e_TB2599_00