In cost of goods sold statement the ‘cost of goods manufactured’ is equal to:

Question

In cost of goods sold statement the &lsquo;cost of goods manufactured&rsquo; is equal to:

TuteeHUB · Accepted Answer

Total factory cost + Opening work in process       + Ending work in process

TuteeHUB · Answer

Total factory cost + Opening work in process       – Ending work in process

TuteeHUB · Answer

Total factory cost + Opening work in process       + Ending work in process

TuteeHUB · Answer

Total factory cost - Opening work in process       + Ending work in process

TuteeHUB · Answer

Ending work in process +Total factory cost       – Opening work in process WRONG ANSWER

1.	In cost of goods sold statement the ‘cost of goods manufactured’ is equal to:
A.	Total factory cost + Opening work in process – Ending work in process
B.	Total factory cost + Opening work in process + Ending work in process
C.	Total factory cost - Opening work in process + Ending work in process
D.	Ending work in process +Total factory cost – Opening work in process WRONG ANSWER
Answer» B. Total factory cost + Opening work in process + Ending work in process

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