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Rainy Day Umbrellas takes inventory quarterly. Beginning inventory for the year was $18,200. Inventory at the end of the first quarter was $15,400; at the end of the second quarter, $13,600; at the end of the third quarter, $17,500; and at the end of the year, $19,300. Compute the average inventory for Rainy Day Umbrellas.
On Jun 28, 2024