(Answered) Question - cloches hats had sales for the year of 666100

Accounting

Question - Cloche's Hats had sales for the year of $666,100 and cost of goods sold equal to 68 percent of sales. The inventory at the beginning of the year was $117,700 and the end-of-year inventory was $132,600. What was the company's inventory period? Assume 365 days in a year.

A. 89.04 days

B. 100.85 days

C. 91.95 days

D. 106.85 days

E. 94.85 days

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