For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Depot Max's number of days' sales in inventory is closest to

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Number of Days' Sales in Inventory = Average Inventory / Average Daily Cost of Goods Sold = [($6,540 + $7,250) ÷ 2] ÷ [$56,900 ÷ 365] = $6,895 ÷ 156 = 44?

For the Year Ended December 31, Depot Max's Cost of Goods