Ask Question
BusinessBusiness
2 December, 20:41

Formula for average inventory

+4
Answers (1)
  1. 2 December, 22:13
    0
    The average of inventory is the average amount of inventory available in stock for a specific period.

    To calculate the average of inventory, take the current period inventory balance and add it to the prior period inventory balance. Divide the total by two to get the average inventory amount.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Formula for average inventory ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If elasticity of demand is 0.5, and the price is lowered from $20 to $19, by what percentage will quantity demanded rise?
Answers (1)
On December 31, it was estimated that goodwill of $6,000,000 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000 on April 1. A.
Answers (1)
Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that currently have high real GDPs per capita. True or False
Answers (1)
A person with a poor self-concept is more likely to be hired for a position, because they are easier to "mould".
Answers (1)
A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as: a. An increase in cash flows from operating activities b. An increase in cash flows from investing activities c.
Answers (2)
New Questions in Business
Which of the following types of advertisements is particularly expensive 1: Internet Ads 2: Newspaper Ads 3: TV infomercials 4: Radio ads
Answers (2)
Used to access a list of sales and expense transactions A customer in the Sample Company A vendor in the Sample Company Matching a banking transaction with a QBO transaction Bank deposits not yet recognized Bank charges not yet recognized Exist for
Answers (1)
A company expects the following sales for the coming year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units 50,000 40,000 70,000 90,000 Average selling price $6 $6 $6 $8 Budgeted sales revenue for the year is: a.$1,050,000. b.
Answers (1)
Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent.
Answers (1)
18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods
Answers (2)
Home » Business » Formula for average inventory
Sign Up Forgot Password?