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Lubov Fominskaja [6]
2 years ago
11

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

Business
1 answer:
mezya [45]2 years ago
5 0

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


<span>Therefore, the average inventory is $53,250.</span>

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