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Zhang company reported cost of goods sold of $852,000, beginning inventory of $40,600 and ending inventory of $48,000. the average inventory amount is:

Respuesta :

Given:
Cost of goods sold = $852,000
Beginning inventor = $40,600
Ending inventory = $48,000

By definition,
Average inventory = (1/2)*(Beginning inventory + Ending inventory)
                                = (1/2)*(40600 + 48000)
                                = $44,300

Answer: $44,300

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