Kelley Company Provided the Following Account Balances for 2018 Calculate the Average Number of Days That Inventory Was Held

Multiple Choice

Kelley Company provided the following account balances for 2018: $$\begin{array} { | l | r| } \hline \text { Cost of Goods Sold (Cost of sales) } & \$ 1,300,000 \\\hline \text { Beginning Merchandise Inventory } & 340,000 \\\hline \text { Ending Merchandise Inventory } & 350,000 \\\hline\end{array}$$ Calculate the average number of days that inventory was held by Kelley Company during 2018.(Assume 365 days in a year.Round your intermediate calculations and final answer to two decimal places.)

A) 194.15 days
B) 98.38 days
C) 95.55 days
D) 96.82 days