Question: Please provide the accurate answer to this general accounting problem using appropriate methods. An organization has an average inventory of $2,400,000 and an annual cost

Please provide the accurate answer to this general accounting problem using appropriate methods.

An organization has an average inventory of $2,400,000 and an annual cost of goods sold (COGS) of $21,900,000. Based on this data, what is the inventory conversion period, which indicates the average number of days inventory is held before being sold? A. 30 days B. 40 days C. 60 days D. 70 days

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