FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Can someone help me with the calculations? Thank you!!!

Question 6,8,7 need to be confirmed by appropriate calculations. That is, the course of solving the problems have be explained

Questions 6, 7, and 8 refer to the following list. Suppose Nissan reports (in millions of dollars):

Beginning raw materials inventory........................................   6

Ending raw materials inventory.............................................   5

Beginning work in process inventory     ...............................   2

Ending work in process inventory .........................................   1

Beginning finished goods inventory......................................   3

Ending finished goods inventory ...........................................   5

Direct labor.......................................................................... ... 30

Purchases of materials.......................................................... .. 100

Manufacturing overhead.......................................................... 20

 

6. What is the cost of the materials that Nissan used (in millions)?

99

100

101

106

7. What is the cost of goods manufactured (in millions)?

a. 149

b. 150

c. 151

d. 152

8. What is the cost of goods sold (in millions)?

150

152

153

54 

 

Please provide only typed answer solution no handwritten solution needed allowed 

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