Mayflower, Inc. provided the following for 2017:
Cost of Goods Sold (Cost of sales) $1,100,000
Beginning Merchandise Inventory 300,000
Ending Merchandise Inventory 630,000
Calculate the average merchandise inventory held by Thomas, Inc
during the year.
A) $930,000
B) $465,000
C) $300,000
D) $630,000
B
Business
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