4. Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) $1,300,000 Beginning Merchandise Inventory 330,000 Ending Merchandise Inventory 350,000 What is the average number of days that inventory was held by Kelley, Inc. during 2018? 5. Martha, Inc. had 21,000 units of ending inventory that were recorded at the cost of $8.00 per unit using the FIFO method. The current replacement cost is $4.25 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule