What is the calculation of closing inventory for a finished goods inventory budget?

Question

Quizplus · Accepted Answer

The calculation of closing inventory for a finished goods inventory budget is the opening balance plus inventories manufactured less sales of finished goods. This is because the closing inventory is equal to the opening inventory plus the amount of inventory produced during the period, minus the amount of inventory sold during the period. Option A correctly reflects this calculation.

What Is the Calculation of Closing Inventory for a Finished