Analyzing changes in inventory, Boeing Company, a U.S. airplane manufacturer, reported a balance of $8,105 million in

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Analyzing changes in inventory, Boeing Company, a U.S. airplane manufacturer, reported a balance of $8,105 million in Inventory at the beginning of 2007 and $9,563 million at the end of 2007. Its income statement reported Cost of Products Sold of $45,375 million for 2007. Compute the cost of inventory either purchased or manufactured during 20007. Boeing Company applies U.S GAAP, and reports its results in millions of U.S dollars.

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Financial Accounting an introduction to concepts, methods and uses

ISBN: 978-0324789003

13th Edition

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

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