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Ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return
Ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 377 Locate the following information in the Campbell's annual report appendix included with your textbook. You can also find the information by clicking here: Campbell's annual report arrendix. (All amounts in millions) 2017 2016 2015 2014 Raw Material Inventory 391 427 399 Work in Process Inventory Finished Goods Inventory 525 549 566 617 Total Inventory 902 940 993 1,016 Net sales 7,690 7,961 8,082 Cost of Goods Sold 4,831 5,181 5,300 Gross profit 3,059 2,780 2,805 Gross profit ratio 38.8% 34.9% 34.4% Required: a. Calculate the cost of goods manufactured for 2017, 2016 and 2015 b. Calculate the total amount of combined cost incurred in 2017, 2016 and 2015 for raw material, direct labor, and manufacturing overhead. c. Calculate the ratio of cost of sales to net sales for 2017, 2016, and 2015, d. Calculate the inventory turnover and day's sales in inventory for 2017, 2016, and 2015 Prev 1 of 1 !! Next
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