Why does qualcomm report three different inventories

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Reference no: EM13900196

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?

Reference no: EM13900196

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