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Accounting question - how to calculate average inventory in the inventory turnover formula? HELP!?

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Accounting question - how to calculate average inventory in the inventory turnover formula? HELP!?

I am doing an accounting problem, and I'm trying to find total inventory turnover (COGS/average inventory). The only problem is...how the crap do I calculate average inventory?? I'm given beg. inventory of $150k, purchases of 650k, and ending inv. of 200k. HELP!

Delivery Time: 1 hours.
Question Category: Accounting.
Christopher Damart
Reputation: 111
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