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?
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
15th Edition
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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