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.)

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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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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