Clay's fishing shop's beginning inventory is $70,000 and ending inventory is $36,500. what was clay's average inventory?

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Business

Cyrus Ballard

6 March, 23:52

Clay's fishing shop's beginning inventory is $70,000 and ending inventory is $36,500. what was clay's average inventory?

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Answers (1)

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Justice Zuniga · Answer 1

The Average Inventory is set up by adding the Beginning and Ending Inventory together, and then divide it by 2:

Avg Inv = (Beg Inv + End Inv) / 2

Avg Inv = (70,000 + 36,500) / 2

Avg Inv = 106,500 / 2

= $53,250

Therefore, the average inventory is $53,250.