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Kelley, Inc. provided the following account balances for 2024: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,100,000 340,000
Kelley, Inc. provided the following account balances for 2024: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,100,000 340,000 600,000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2024. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) OA. 199.45 days OB. 311.97 days OC. 112.65 days OD. 155.98 days
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