Kelley, Inc. provided the following account balances for 2018:Cost of Goods Sold (Cost of sales)Beginning Merchandise InventoryEnding Merchandise Inventory$1,300,000330,000350.000Calculate 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.)O A. 191.10 daysO B. 92.64 daysO C. 95.55 daysO D. 98.38 days

Given- Cost of sales = $1,300,000Beginning Inventory = 330,000Ending Inventory = 350,000

Answered: Kelley, Inc. provided the following…

Practical Management Science

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ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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