Find the average inventory.
-
A)$31,645.00
B)$21,096.67
C)$21,472.00
D)$63,290.00

Name: Find the average inventory. - A)$31,645.00 B)$21,096.67 C)$21,472.00 D)$63,290.00
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Find the average inventory.
-
A)$31,645.00 
B)$21,096.67 
C)$21,472.00 
D)$63,290.00

Quizplus · Accepted Answer

To find the average inventory, we need to add the beginning and ending inventory and divide by 2.

[(30,500.00 + 12,693.33)/2] + [(23,721.67 + 17,471.67)/2] + [(16,540.00 + 26,615.00)/2] = 21,096.67

Therefore, the best choice is B.

Find the Average Inventory