Symphony Instruments, Inc. has sales of $760,000 and cost of goods sold of $520,000. The firm had a beginning inventory of $39,000 and an ending inventory of $48,000. What is the length of the inventory period?
A) 11.95 days
B) 20.89 days
C) 27.38 days
D) 30.53 days
E) 33.69 days
Correct Answer:
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