The Inventory Conversion Period Refers to the Average Length of Time

Multiple Choice

The inventory conversion period refers to the average length of time required:

A) to convert raw materials into finished goods.
B) to sell all the finished goods once the production process is completed.
C) to convert materials into finished goods and then to sell those goods.
D) to collect cash following the sale of inventory.
E) to provide payment in cash for the purchase of raw materials and labor.