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Zhang Company reported Cost of goods sold of $846,000, beginning Inventory of $39,400 and ending Inventory of $47,400. The average Inventory amount is: Multiple Choice
Zhang Company reported Cost of goods sold of $846,000, beginning Inventory of $39,400 and ending Inventory of $47,400. The average Inventory amount is:
Multiple Choice
a. $39,400.
b. $47,400.
c. $86,800.
d. $43,400.
e. $8,000.
I know the answer is D, but not sure how they got it.
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