The term that refers to the cost of goods brought to completion,whether they were started before or during the accounting period is:
A)cost of goods sold.
B)cost of goods produced.
C)cost of goods insured.
D)cost of goods serviced.
E)cost of goods manufactured.

Question

Quizplus · Accepted Answer

The term "cost of goods manufactured" refers to the total cost of all goods finished during the accounting period, including those that were in process at the start of the period and those that were started and completed within the period. This includes all costs directly associated with the production of goods, such as materials, labor, and overhead.

The Term That Refers to the Cost of Goods Brought