Average Inventory Formula is used to calculate the mean value of Inventory at a certain point of time by taking the average of the Inventory at the beginning and at the end of the accounting period. Now the formula we will use would be AVERAGEIFB5B18 Pastries C5C18 We will get the result below. 2 7 19 24 25.
To calculate the average Excel adds the numeric value of each value together and divides by the total number of values supplied.
Average which is the arithmetic mean and is calculated by adding a group of numbers and then dividing by the count of those numbers. Number2 optional argument They are the additional numbers cell references or a range for which we want the average. Formula for the Average Rate of Change of a Function. The formula in F3 copied down is.