Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) $1,500,000 Beginning Merchandise Inventory 335,000 Ending Merchandise Inventory 625.000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) OA. 116.61 days OB 152.08 days OC. 233.97 days OD. 81.47 days A company that uses the perpetual inventory system sold goods to a customer on account for $3,400. The cost of the goods sold was $1.700. Which of the following journal entries correctly records this transaction? 3,400 3,400 3,400 3,400 1.700 1.700 O A. Cost of Goods Sold Sales Revenue . Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory OC. Merchandise Inventory Cost of Goods Sold OD Accounts Receivable Cash Cost of Goods Sold Merchandise Inventory 3.400 3,400 3,400 3.400 1.700 1,700