Calculating Cost of Goods Manufactured
Pfizer, Inc. , develops and manufactures various pharmaceutical products. Visit its home page at the following address: http://www.pfizer.com
From the home page, access the most recent financial report by clicking on the investors’ tab.
Instructions
a. What categories of inventory does Pfizer show in its inventories footnote under “Notes to Consolidated Financial Statements”?
b. Using the income statement and inventory information from the footnote, calculate the cost of finished goods manufactured for the most recent year.
c. What elements of manufacturing overhead can you identify using the annual report?
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