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The Answer is To determine the average inventory for a full year, you would first need to calculate the beginning inventory for the year and the ending inventory for the year. Then, add the beginning and ending inventory together and divide by 2. This will give you the average inventory for the year.

The formula for calculating average inventory is: (Beginning Inventory + Ending Inventory) / 2

This average inventory figure is important for businesses to understand their inventory turnover and to make informed decisions about purchasing and managing inventory levels.

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