Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory...

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Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory of $47,700. The av

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Answer 1

Answer #1

Beginning inventory = $40,000

Ending inventory = $47,700

Average inventory = (Beginning inventory + Ending inventory)/2

= 87,700/2

= $43,850

Cost of goods sold given in the question is not relevant for calculating average inventory, hence it has been ignored.

Fourth option is the correct option

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Answer 2

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Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory...

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Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory...

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Zhang Company reported Cost of goods sold of $849,000, beginning Inventory of $40,000 and ending Inventory...