Marilee's Electronics Uses a Periodic Inventory System and the Average

question 31

Multiple Choice

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 2018: To the nearest thousand, estimated ending inventory is:

• A) $55,000.
• B) $52,000.
• C) $57,000.
• D) None of these answer choices are correct.

---

Definitions:

Forcing

A conflict resolution strategy that involves pushing one's viewpoint at the expense of others, often disregarding the concerns and rights of other parties.

High-Performing Organizations

Organizations that consistently outperform their peers over time due to effective management, strong cultures, and high employee engagement.

Successful Individuals

People who have achieved their goals or attained prosperity and respect in their field or personal life.

Compromising Style

A conflict resolution approach where parties aim to find a middle ground, making concessions to achieve mutual benefits.