Bandy’s Barbeque recorded the following financial results:     Fiscal year 2020 Fiscal year 2019 Cash $ 1,200   $ 900   Accounts receivable   6,140     5,890   Inventory   7,850     7,770   Accounts payable   9,490     8,750   Sales   229,650     215,871   Cost of goods sold $ 133,200   $ 120,888     What was the company’s inventory period?

Financial And Managerial Accounting
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ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter6: Inventories
Section: Chapter Questions
Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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Bandy’s Barbeque recorded the following financial results:
 

  Fiscal year 2020 Fiscal year 2019
Cash $ 1,200   $ 900  
Accounts receivable   6,140     5,890  
Inventory   7,850     7,770  
Accounts payable   9,490     8,750  
Sales   229,650     215,871  
Cost of goods sold $ 133,200   $ 120,888  
 


What was the company’s inventory period?

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