If a firm is using a perpetual inventory system and is using the average-cost method of valuation, when is a new average cost computed?

a	At the end of the month

b	At the end of the accounting period

c	After each purchase

d	After each sale

At December 31, 2022, the following information (in thousands) was available for Flint Inc.: ending inventory $22,600; beginning inventory $21,800; cost of goods sold $166,500, and sales revenue $450,000. Calculate the inventory turnover and days in inventory for Flint. (Round answers to 1 decimal places, e.g. 15.2. Use 365 days for calculation.)

Inventory turnover		enter inventory turnover in times	times
Days in inventory		enter days in inventory	days