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?

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?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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