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H3Ko H3Ko
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7 years ago
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
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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.unplugged..unplugged.
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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