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What was bonita average inventory for the year

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Problem 1: Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. Their cost of goods sold for the year was $170,000. What was Bonita's average inventory for the year?

Option 1: $25,000
Option 2: $85,000
Option 3: $40,000
Option 4: $55,000

Reference no: EM132915583

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