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What is kingbird average days in inventory

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Reference no: EM132700222

Kingbird, Inc. had the following records:

                                 2017          2016

Ending inventory    $25650          $35490

Cost of goods sold   219100      221690

Problem 1: What is Kingbird average days in inventory for 2017? (rounded) (Use 365 days for calculation.)

Option 1: 50.0 days

Option 2: 58.9 days

Option 3: 50.7 days

Option 4: 42.9 days

Reference no: EM132700222

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