Your Company Sells $469,300 of Goods During the Year at a Cost

Your company sells $469,300 of goods during the year at a cost of goods sold of $398,600.Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year. How long on average does it take to sell something from inventory after it is purchased?

A) 12.5 days
B) 24.8 days
C) 29.2 days
D) 165.9 days