Thomas Company Provided the Following Particulars for Year 2015 -Refer to the Table Above

question 128

Multiple Choice

Thomas Company provided the following particulars for year 2015: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,800,000 \\\hline \text { Beginning Merchandise Inventory } & 325,000 \\\hline \text { Ending Merchandise Inventory } & 650,000 \\\hline\end{array}$$
-Refer to the table above.Calculate the average merchandise inventory held by Thomas Company during the year.

• A) $975,000
• B) $487,500
• C) $325,000
• D) $650,000