Question

Qualcomm Incorporated is a leading developer and manufacturer of digital wireless telecommunications products and services. Qualcomm reported the following inventories on September 26, 2010, in the notes to its financial statements:
(in Million sept: 26, 2010)
Raw materials .............. $ 15
Work in process ............ 284
Finished goods ............. 229
$ 528

a. Why does Qualcomm report three different inventories?
b. What costs are included in each of the three classes of inventory?



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  • CreatedFebruary 04, 2014
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