Weller,Inc Calculate the Average Number of Days That Inventory Was Held

question 57

Multiple Choice

Weller,Inc.provided the following particulars for 2017: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,000,000 \\\hline \text { Beginning Merchandise Inventory } & 335,000 \\\hline \text { Ending Merchandise Inventory } & 600,000 \\\hline\end{array}$$ Calculate the average number of days that inventory was held by Weller,Inc.during 2017.(Assume 365 days in a year.Round your intermediate calculations and final answer to two decimal places. )

• A)341.12 days
• B)218.56 days
• C)122.07 days
• D)170.56 days

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Definitions:

Systematic Desensitization

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