Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000. Compute the average inventory.

Question

Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000. Compute the average inventory.​

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The Answer of Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000. Compute the average inventory.​