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Brook Side reported sales of $738,000 and cost of goods sold of $584,000 for the year. The firm had a beginning inventory of $51,000 and
Brook Side reported sales of $738,000 and cost of goods sold of $584,000 for the year. The firm had a beginning inventory of $51,000 and an ending inventory of $46,000. What is the length of the inventory conversion period, using average inventories during the year?
A. 15.24 days
B. 15.16 days
C. 31.19 days
D. 29.87 days
E.30.31 days
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