Find what is amount of raw materials used during the year

Assignment Help Accounting Basics

Reference no: EM131967139

Problem

1-Direct material used:

2-Raw materials inventory management:

Nestle report begining raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). If Nestle purchased 13,860 (in millions of Swiss francs). Assume Nestle purchased 13,860 and used 14,176 (both amounts in millions of Swiss francs) in raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory.

Reference no: EM131967139

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