Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions