A schedule of cost of goods manufactured is also known as a:
A)Raw materials processed schedule.
B)Factory supplies used schedule.
C)Manufacturing statement.
D)Total finished goods statement.
E)Cost of goods sold schedule.

Question

Quizplus · Accepted Answer

A schedule of cost of goods manufactured is also known as a manufacturing statement. It shows the cost of direct materials used, direct labor incurred, and manufacturing overhead incurred during a specific period, as well as the total cost of goods completed and transferred to finished goods inventory.

A Schedule of Cost of Goods Manufactured Is Also Known