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

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Definitions:

Vaccinated

The process of receiving a vaccine to stimulate the body's immune response against specific diseases.

Cervicitis

Inflammation of the cervix, often caused by infection, and can lead to discomfort or more serious reproductive issues if untreated.

Bacteria

Microscopic, single-celled organisms found in various environments, some of which can cause diseases in humans and other living beings.

Herpes Infection

A viral infection caused by the herpes simplex virus (HSV), which manifests as painful blisters on the mouth or genitals.