What is the purpose of the statement of cost of goods manufactured?
A) to determine the ending materials inventory
B) to determine the ending work in process inventory
C) to determine the amount transferred to finished goods
D) All of these choices

Question

Quizplus · Accepted Answer

The statement of cost of goods manufactured is used to calculate the total cost of goods that are completed and transferred to finished goods inventory during a period.

What Is the Purpose of the Statement of Cost of Goods