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Question 2 (Source: 2017 form 10-K for The Kraft-Heinz Company; http://ir.kraftheinzcompany.com/static-files/1a9c7a40-532d-4c55-b0b1-b97d552013a9 ) The balance sheet for The Kraft-Heinz Company listed total an ending inventory balance

Question 2 (Source: 2017 form 10-K for The Kraft-Heinz Company; http://ir.kraftheinzcompany.com/static-files/1a9c7a40-532d-4c55-b0b1-b97d552013a9)

The balance sheet for The Kraft-Heinz Company listed total an ending inventory balance of $2,815 million and $2,684 as of 12/30/2017 and 12/31/2016 respectively. Below is an excerpt from Notes to the Financial Statements, Note 5: Inventories from Krafts 2017 annual report:

Note 5. Inventories

Inventories consisted of the following (in millions):

December 30, 2017

December 31, 2016

Packaging and ingredients

$560

$542

Work in process

439

388

Finished product

1,816

1,754

Inventories

2,815

2,684

Suppose Kraft had purchased $19,892 million worth of packaging and ingredients (i.e. raw materials) during the year ended 12/30/2017. Calculate the amount of packaging and ingredients Kraft used in production during the year ended 12/30/2017.

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