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 appendix. Raw Material Inventory Work in Process Inventory Finished Goods Inventory Total Inventory Net sales Cost of Goods Sold Gross profit Gross profit ratio (All amounts in millions) 2017 2016 2015 2014 377 391 427 399 @ 525 549 566 617 902 940 993 1,016 7,890 7,961 8,082 4,831 5,181 5,300 3, 059 2,780 2,805 38.88 34.9 34.44 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. Required A Required B Required Required D Calculate the cost of goods manufactured for 2017, 2016, and 2015. ((Enter your answers in millions (ie, 5000,000 should be entered as 5).) Cost of Goods manufactured 2017 2016 2015 Required Prev 1 of 1 Next 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 appendix. 377 Raw Material Inventory Work in Process Inventory Finished Goods Inventory Total Inventory Net sales Cost of Goods Sold Gross profit Gross profit ratio (All amounts in millions) 2017 2816 2015 2014 391 427 399 8 525 549 566 617 902 940 993 1,016 7,890 7,961 8,082 4,831 5,181 5,380 3,859 2,780 2,805 38.89 34.99 34.41 Book Ask Print 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. 0 erences Required A Required B Required Required D Calculate the total amount of combined cost incurred in 2017, 2016, and 2015 for raw material, direct labor, and manufacturing overhead. ((Enter your answers in millions. (ie., 5,000,000 should be entered as 5).) Total manufacturing cost 2017 2016 2015 Prev 1 of 1 Next 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 appendix. (All amounts in millions) 2017 2016 2015 2014 377 391 427 399 617 1,016 Raw Material Inventory Work in Process Inventory Finished Goods Inventory Total Inventory Net sales Cost of Goods Sold Gross profit Gross profit ratio 525 902 7,890 4,831 3,059 38.8% 549 948 7,961 5,181 2,780 34.94 566 993 8,082 5,388 2,805 34.49 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. aces Required A Required B Required Required D Calculate the ratio of cost of sales to net sales for 2017, 2016, and 2015. (Round your answers to 1 decimal place.) Ratio of cost of products sold 2017 % 2016 2015 % 1 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 appendix. (All amounts in millions) 2017 2016 2015 2014 Raw Material Inventory 377 391 427 399 Work in Process Inventory Finished Goods Inventory 525 549 566 617 Total Inventory 940 993 1,016 Net sales 7,890 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 38.88 34.99 34.4 902 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. Fences Required A Required B Required C Reg bred D Calculate the inventory turnover and day's sales in inventory for 2017, 2016, and 2015. (Use 365 days in a year for your calculations. Round your intermediate calculations and final answers to 2 decimal places.) Inventory Turnover 2017 2016 2015 times times times Days Sales In Inventory days days days
