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QS 14-15 Raw materials inventory management LO A1 3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717
QS 14-15 Raw materials inventory management LO A1 3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Raw Materials Days Sales In Inventory Raw Materials turnover Inventory Compute the number of days' sales in raw materials inventory. (Use 365 days per year. Enter your answers in millions.) Days' Sales In Raw Materials Inventory. Choose Numerator: 7 Choose Denominator: Days Days' Sales In Raw Materials Inventory Days' sales in raw materials inventory 52,195 Ending raw materials inventory Raw materials used 365 = $ 715 $ 5 365 II Raw Materials Inventory turnover Days Sales In Raw Materials Inventory >
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