Question
Can someone help me with the calculations? Thank you!!! Question 6,8,7 need to be confirmed by appropriate calculations. That is, the course of solving the
Can someone help me with the calculations? Thank you!!!
Question 6,8,7 need to be confirmed by appropriate calculations. That is, the course of solving the problems have be explained
Questions 6, 7, and 8 refer to the following list. Suppose Nissan reports (in millions of dollars):
Beginning raw materials inventory........................................ 6
Ending raw materials inventory............................................. 5
Beginning work in process inventory ............................... 2
Ending work in process inventory ......................................... 1
Beginning finished goods inventory...................................... 3
Ending finished goods inventory ........................................... 5
Direct labor.......................................................................... ... 30
Purchases of materials.......................................................... .. 100
Manufacturing overhead.......................................................... 20
6. What is the cost of the materials that Nissan used (in millions)?
99
100
101
106
7. What is the cost of goods manufactured (in millions)?
a. 149
b. 150
c. 151
d. 152
8. What is the cost of goods sold (in millions)?
150
152
153
54
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