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ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively.

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ABC, Inc. had sales revenue of $50,000 and $57,000 in fiscal years 2005 and 2006, respectively. Cost of goods sold was $32,000 and $39,000, respectively. The ending inventory was $2,000 and $8,000, respectively. ABC's revenue growth rate, gross profit margin and inventory turnover in 2007 will be identical to 2006. Calculate the projected average inventory in fiscal year 2007 $8.140.63 $9.140.63 O $10,150 O $13,000

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