Business
Business, 05.05.2020 23:44, mccay5016987

Chompers Dental supplies has a new operations manager. She is reviewing Chomper's operations policies. Chompers is planning on opening in a new geographic area in 2016. In anticipation of the increased demand, they acquired more inventory. The new operations manager wants to see if the new acquisitions are excessive. In 2015, Chomper's sales were $3,678,900, while the cost of goods sold was $2,087,623. Their beginning inventory in 2015 was $467,500 and their ending inventory was $536,800. What was Chomper's average inventory for 2016?

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