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3M Co. reports beginning raw materials inventory of $902 million and ending raw materials inventory of $855 million. 3M purchased $3,646 million of raw materials
3M Co. reports beginning raw materials inventory of $902 million and ending raw materials inventory of $855 million. 3M purchased $3,646 million of raw materials during the year What is the amount of raw materials it used during the year? (Enter your answer in millions.) Raw materials used million Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon pper Company 16,450 Company 12,000 14,500 7,250 27,000 19,000 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses 19,950 9,000 22,750 35,000 17,650 22,000 5,300 9,000 13,300 16,000 7,200 12,000 3,200 43,000 7,660 1,500 52,000 46,000 290,010 8,200 21,000 1,250 4,780 33,000 50,000 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales 195,030 20,000 212,500 13,200 Cash 15,700 115,825 19,450 Factory equipment, net Accounts receivable, net Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured
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