The computation for Cost of Goods Manufactured on the income statement is ________.(Assume there are no work-in-process inventories.)
A)direct materials used plus direct production costs
B)direct materials used plus direct labor plus indirect production costs
C)direct materials used plus direct labor
D)direct materials used plus direct labor plus direct production costs

Question

Quizplus · Accepted Answer

Direct materials used plus direct labor plus indirect production costs are the components of Cost of Goods Manufactured on the income statement when there are no work-in-process inventories.

The Computation for Cost of Goods Manufactured on the Income