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Analyzing changes in inventory. Boeing Company, a U.S. airplane manufacturer, reported a balance of $8,105 million in Inventory at the beginning of 2007 and $9,563 million at the end of 2007. Its income statement reported Cost of Products Sold of $45,375 million for 2007. Compute the cost of inventory either purchased or manufactured during 2007. Boeing Company applies U.S. GAAP, and reports its results in millions of U.S. dollars.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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