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Zhang Company Reported Cost of Goods Sold of $835,000, Beginning

Question 9

Multiple Choice

Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The average Inventory amount is:


A) $83,500.
B) $9,100.
C) $41,750.
D) $37,200.
E) $46,300.

Correct Answer:

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