![]() ![]() In this case, our average inventory is ($20,000 + $30,000 + $40,000)/3 = $30,000 - a little higher (and more representative of the actual average) than before. For instance, let's say we also use a point from the exact middle of the year with a value of $40,000. However, just one additional data point can give us a different picture. Using the basic method above, we would get an average value of $25,000.
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