Wildflower Company Provided the Following for 2019 Calculate the Average Merchandise Inventory Held by Wildflower Company During

Multiple Choice

Wildflower Company provided the following for 2019: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,300,000 \\\hline \text { Beginning Merchandise Inventory } & 300,000 \\\hline \text { Ending Merchandise Inventory } & 640,000 \\\hline\end{array}$$ Calculate the average merchandise inventory held by Wildflower Company during the year.

A) $940,000
B) $470,000
C) $300,000
D) $640,000