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In the year 2013, Micro Manufacturing Company's sales revenue amounted to $4,400,000. Cost of goods...

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Accounting

In the year 2013, Micro Manufacturing Company's sales revenue amounted to $4,400,000. Cost of goods sold as a percentage of sales was 35%. Beginning inventory balance was $360,000 and ending inventory balance was $345,000. Assuming 365 days a year, compute the average sale period for the year.

A. 29.24 days B. 83.55 days C. 81.77 days D. 127.75 days

Show your work; points will be awarded only if process to solve is shown.

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