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What would have been General Mills book value of inventories

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Reference no: EM132622010

Questions -

Q1. Assume that the Company charged $7 million as bad debt expense. Compute the amount of bad debts written off in 2010.

Q2. Compute the amount of cash collected from customers during the year ended May 30th, 2010.

Q3. What cost flow assumption(s) for inventories does General Mills use?

Q4. Suppose that General Mills had in all periods used FIFO as their cost flow assumption for all their inventories. What would have been General Mills' book value of inventories at the end of fiscal year 2010 under this alternative cost flow assumption?

Reference no: EM132622010

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