The souvenir shop in a hotel foyer incurred $60,000 in cost of sales when generating sales of $140,000 last year. Its inventory account balance was $2,500 at the start of the year and $3,500 at the end of the year. The merchandise sold was held in the shops inventory for how many days on average during the year (assume a 360-day year)? Answers: A. 18 days B. 16 days C. 12 days D. 8 days E. None of the above