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The following information was taken from General Mills 2 0 1 7 annual report: Fiscal Year 2 0 1 7 2 0 1 6 2
The following information was taken from General Mills annual report:
Fiscal Year
Net sales
$ $ $
Cost of sales
In Millions May
May
Inventories:
Raw materials and packaging
$ $
Finished goods
Grain
Excess of FIFO over LIFO cost a
Total Inventory Balance Sheet
$ $
What would General Mills year ending May cost of goods sold have been had it used FIFO rather than LIFO for all its inventories in millions to the tenths, egThe following information was taken from General Mills annual report:
What would General Mills year ending May cost of goods sold have been had it used FIFO
rather than LIFO for all its inventories in millions to the tenths, eg
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