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In the year 2013, Micro Manufacturing Company's sales revenue amounted to $4,400,000. Cost of goods sold as a percentage of sales was 35%. Beginning inventory
In the year 2013, Micro Manufacturing Company's sales revenue amounted to $4,400,000. Cost of goods sold as a percentage of sales was 35%. Beginning inventory balance was $360,000 and ending inventory balance was $345,000. Assuming 365 days a year, compute the average sale period for the year.
A. 29.24 days B. 83.55 days C. 81.77 days D. 127.75 days
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