The inventory period for 2014 is (use average inventory):

Name: The inventory period for 2014 is (use average inventory):
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The formula for inventory period is: (Average inventory / Cost of goods sold) x 365. 
Using the information given in the question and the formula, we get: 
Inventory period = (($35,000 + $30,000) / 2 / $120,000) x 365 
= ($32,500 / $120,000) x 365 
= 98.66 days 
Therefore, the closest answer choice is E, which is 119.3 days.

The Inventory Period for 2014 Is (Use Average Inventory)