Multiple Choice
Which of the following is the correct formula to calculate average merchandise inventory?
A) Average merchandise inventory = (Beginning merchandise inventory - Ending merchandise inventory) / 2
B) Average merchandise inventory = (Beginning merchandise inventory × Ending merchandise inventory) / 2
C) Average merchandise inventory = (Beginning merchandise inventory / Ending merchandise inventory) / 2
D) Average merchandise inventory = (Beginning merchandise inventory + Ending merchandise inventory) / 2
Correct Answer:
Verified
Correct Answer:
Verified
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