Flow of manufacturing costs. The Sandvik Group is a Swedish-based, high-technology engineering firm. It follows IFRS and reports its results in millions of Swedish kronor (SEK). For the years ended December 31, 2007 and 2006, Sandvik reported the following information pertaining to its inventories:

Sandvik reported Cost of Sales for 2007 of SEK57,222 million. The notes to its financial statements state that 2007 Cost of Sales includes a SEK28I million write-down of Finished Goods inventory.
a. What is the carrying value of Sandvik's total inventory as of December 31, 2007?
b. What journal entry did Sandvik make in 2007 to reflect inventory write-downs?
c. What was Sandvik's Cost of Saks prior to the write-down of inventory to its lower of cost or market value?
d. What was the cost of units completed by Sandvik during 2007?
e. Suppose that Sandvik's direct labor and overhead costs are 300% of direct material costs. That is, for every SEK 1 of direct material costs, Sandvik incurs an additional SEK3 in direct labor and overhead costs. How much in direct materials costs did Sandvik charge to Work in Process during 2007? What journal entry did it make to record this charge?
f. What was the cost of Sandvik's raw materials purchased in2007?

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December 31 2007 (SEK millions) Raw Materials Inventory... Work-in-Process Inventory Finished Goods Inventary. 2006 SEKS,690 4,093 8,955 SEK6,964 5,157 13,180