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Tonya's Candles, Inc. provided the following account balances for 2024: Cost of Goods Sold (Cost of sales) $550,000 Beginning Merchandise Inventory 27,000 Ending Merchandise Inventory
Tonya's Candles, Inc. provided the following account balances for 2024:
Cost of Goods Sold (Cost of sales) | $550,000 |
Beginning Merchandise Inventory | 27,000 |
Ending Merchandise Inventory | 47,000 |
Calculate the average number of days that inventory was held by Tonya's during 2024. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)
Question content area bottom
Part 1
A.
15.6
days
B.
49.13
days
C.
24.56
days
D.
8.96
days
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