3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717
Question:
3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. If 3M purchased $3,646 million of raw materials during the year, what is the amount of raw materials it used during the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Amounts in millions Raw materials inventory beginning 855 ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
3M Co. reports beginning raw materials inventory of $902 million and ending raw materials inventory of $855 million. If 3M purchased $3,646 million of raw materials during the year, what is the...
-
Nestl reports beginning raw materials inventory of 3,590 and ending raw materials inventory of 3,708 (both numbers in millions of Swiss francs). If Nestl purchased 12,000 (in millions of Swiss...
-
Sims Company reports beginning raw materials inventory of $900 and ending raw materials inventory of $1,100. Assume the company purchased $5,200 of raw materials and used $5,000 of raw materials...
-
If you were a hedge fund manager, which style would you employ and why? Describe this style and how it works. Why would you utilize it and under what macroeconomic conditions would this style work...
-
A 0.50-kg object, suspended from an ideal spring of spring constant 25 N/m, is oscillating vertically. How much change of kinetic energy occurs while the object moves from the equilibrium position to...
-
At time t = 0, the baseball player releases a ball with the initial conditions shown in the figure. Determine the quantities r, r, r, , , and , all relative to the x-y coordinate system shown, at...
-
Do you personally gain or lose from inflation?
-
The Association of Women in Government established an Educational Foundation to raise money to support scholarship and other education initiatives. The Educational Foundation is a private...
-
Assume that the risk-free rate is rf = 4% and the investor's risk aversion coefficient is A = 4. 1. Consider return targets ranging from 6% to 26% (in increments of 2%). For each return target, solve...
-
St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase earnings before depreciation from $27,000 to $54,000 per year. The new...
-
Listed below are product costs for production of footballs. Classify each cost as either variable (V) or fixed (F). Leather covers for footballs. Machinery depreciation (straight-line). Wages of...
-
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...
-
Listing 28.10, ConnectedCircles.java, allows the user to create circles and determine whether they are connected. Rewrite the program for rectangles. The program lets the user create a rectangle by...
-
Which company was the first to develop a computer meant for personal use? O Dell Intel IBM O Apple
-
What is one of the environmental factors that can affect marketing functions? Options o The company's mission statement o Government regulations and policies o Employee skill sets o Office layout and...
-
Daniella mailed a package to her brother three days ago. She wants to see if it has arrived yet.. What technology will enable her to track her package? O The phone that her brother will use when he...
-
Value-chain analysis views the organization as a sequential process of value-creating activities, thereby providing fewer insights into the competitive position of a firm than does SWOT analysis by...
-
The primary purpose of providing employees with feedback during a performance appraisal is to motivate employees to Question Attachment: Answer O apply for managerial positions. improve any...
-
In general journal form, prepare journal entries to establish a petty cash fund on March 1 and replenish it on March 31. 201X March 1 A $102 petty cash fund is established. 31 At the end of the...
-
Identify the source of funds within Micro Credit? How does this differ from traditional sources of financing? What internal and external governance mechanisms are in place in Micro Credit?
-
Why does the use of the accelerated depreciation method (instead of straight line) for income tax reporting increase an investments value?
-
Why does the use of the accelerated depreciation method (instead of straight line) for income tax reporting increase an investments value?
-
This chapter explained two methods to evaluate investments using recovery time, the payback period and break-even time (BET). Refer to QS 11-6 and (1) Compute the recovery time for both the payback...
-
What would you say to this person about their statement below and what question would you ask? Union organizations began in this country in the 18th century and looked very different from todays...
-
Make TWO recommendations for improving contractor selection or management in your chosen organisation, AND justify EACH of the recommendations
-
Given the information below. Answer the question. IGNORE THE e on-hand inventory. a More Info Level The product structure. 0 (2) 1 S U(1) 2 V (2) W (1) X (2) Y (2) Z (3) The time-phased product...
Study smarter with the SolutionInn App