Beginning finished goods inventory plus cost of goods manufactured equals cost of goods sold.

Name: Beginning finished goods inventory plus cost of goods manufactured equals cost of goods sold.
Brand: Quizplus
Rating: 4.7 (53 reviews)

Question

Quizplus · Accepted Answer

Beginning finished goods inventory plus cost of goods manufactured equals the cost of goods available for sale, not the cost of goods sold. Cost of goods sold is calculated by subtracting the ending finished goods inventory from the cost of goods available for sale.

Beginning Finished Goods Inventory Plus Cost of Goods Manufactured Equals