Question

Qualcomm Incorporated is a leading developer and manufacturer of digital wireless telecommunications products and services. Qualcomm reported the following inventories in the notes to recent financial statements:
(in millions)
Raw materials ........ $ 19
Work in process ....... 531
Finished goods ........ 480
$1,030
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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  • CreatedMarch 11, 2014
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