Ws qualcomm report three different inventories


Qualcomm Incorporated is a leading developer and manufacturer of digital wireless telecom- munications products and services. Qualcomm reported the following inventories on September 30, 2004, in the notes to its financial statements:

                                  September 30, 2004 (In millions)
Raw materials                                 $ 20
Work-in-process                                3
Finished goods                               131
                                                    $154

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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Cost Accounting: Ws qualcomm report three different inventories
Reference No:- TGS01195595

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