Answered: Zhang Company reported Cost of goods…

Zhang Company reported Cost of goods sold of $847,000, beginning Inventory of $39,600 and ending Inventory of $47,500. The average Inventory amount is: Multiple Choice $39,600. $47,500. $87,100.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

Zhang Company reported Cost of goods sold of $847,000, beginning Inventory of $39,600 and ending Inventory of $47,500. The
average Inventory amount is:
Multiple Choice
$39,600.
$47,500.
$87,100.
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