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ryzh [129]
3 years ago
14

In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to wh

ich of the following equations?
a) Cost of goods manufactured = Total manufacturing costs + Beginning finished goods inventory – Ending finished goods inventory
b) Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory
c) Cost of goods manufactured = Total manufacturing costs + Ending work in process inventory – Beginning work in process inventory
d) Cost of goods manufactured = Total manufacturing costs + Ending finished goods inventory – Beginning finished goods inventory
Business
1 answer:
kobusy [5.1K]3 years ago
7 0

Answer:

Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory

Explanation:

Cost of goods sold is the total direct costs of producing the goods sold by a company.

Cost of goods sold = cost of direct materials + cost of direct labour + Manufacturing Overhead  + Beginning work in process inventory – Ending work in process inventory

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Answer:

c) a debit to Petty Cash and a credit to Cash.

Explanation:

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The correct option which corroborates my explain above is option C.

Option A is wrong because the reverse was the case.

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Explanation: Hope this help:)

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Allisa [31]

Answer:

4,084

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Using this formula

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Let plug in the formula

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