Thomas Company Provided the Following Particulars for Year 2017 Calculate the Average Number of Days That Inventory Was Held

question 27

Multiple Choice

Thomas Company provided the following particulars for year 2017:
$$\begin{array} { | l | l | } \hline \text { Cost of sales } & \$ 1,400,000 \\\hline \text { Beginning inventory } & 340,000 \\\hline \text { Ending inventory } & 350,000 \\\hline\end{array}$$
Calculate the average number of days that inventory was held by Thomas Company during 2017.(Assume 365 days in a year.Round your intermediate calculations and final answer to two decimal places.)

• A) 91.25 days
• B) 179.8 days
• C) 88.59 days
• D) 89.9 days

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