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A companys Cost of Goods Sold (COGS) for the 1st quarter of 2023 was $3,725,000. On January 1st the company held $750,000 in inventory and

A companys Cost of Goods Sold (COGS) for the 1st quarter of 2023 was $3,725,000. On January 1st the company held $750,000 in inventory and on March 31st it held $775,000. (Round all final answers to 2 decimal places) 1.What is the company's Average Inventory Investment for the 1st quarter of 2023? Please show work

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