Tater and Pepper Corp. reported COGS for 2021 of $35 million. Tater and Pepper listed $6.8 million of inventory on its balance sheet. How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.) How many times per year did Tater and Pepper’s inventory turn over? (Round your answer to 2 decimal places.)
Tater and Pepper Corp. reported COGS for 2021 of $35 million. Tater and Pepper listed $6.8 million of inventory on its balance sheet. How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.) How many times per year did Tater and Pepper’s inventory turn over? (Round your answer to 2 decimal places.)
Chapter10: Inventory
Section: Chapter Questions
Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...
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Tater and Pepper Corp. reported COGS for 2021 of $35 million. Tater and Pepper listed $6.8 million of inventory on its balance sheet.
How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)
How many times per year did Tater and Pepper’s inventory turn over? (Round your answer to 2 decimal places.)
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