Kelley, Inc. provided the following account balances for2018:

Cost of Goods Sold(Cost ofsales)

$ 1 comma 100 comma 000

$1,100,000

Beginning Merchandise Inventory

300 comma 000

300,000

Ending Merchandise Inventory

640 comma 000

640,000

Calculate the average number of days that inventory was held byKelley, Inc. during 2018.(Assume 365 days in a year. Round your intermediate calculations and final answer to two decimalplaces.)

A.

212.21

212.21 days

B.

155.98

155.98 days

C.

99.46

99.46 days

D.

311.97

311.97 days

Click to select your answer.

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