Read the following information and answer the following question. PARTICULARS AMOUNT (₹) Credit sales 2,70,000 Cash sales 1,50,000 Return Inwards 20,000 Cost of revenue from operations 3,00,000 Closing inventory 45,000 Opening inventory 55,000

Calculate the average inventory from the above information-

₹60,000 ₹50,000 ₹40,000 ₹30,000

₹50,000

The correct answer is option 2 i.e. ₹50,000 Average inventory = (Inventory in the beginning + Inventory at the end)/ 2                               = (55,000 + 45,000) / 2                               = ₹50,000