You have been asked by the CEO of B.R. Engines to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis.
1. (a) Do the accounts shown in the Tableau Dashboard suggest B.R. Engines is a manufacturer or a merchandiser?
(b) Which of following accounts distinguishes B.R. Engines as a manufacturer or merchandiser?
a) Raw materials inventory
b) Sales
c) Advertising expense
d) General and administrative expenses
2. Identify the amount of raw materials purchases.
3. Compute the amount of raw materials it used during the year.