Select the appropriate definition for each of the items listed below.
-Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory
A)Work in process inventory
B)Finished goods inventory
C)Cost of goods sold
D)Cost of goods manufactured
E)Total manufacturing costs

Question

Quizplus · Accepted Answer

This formula represents the cost of goods sold, which is the total cost of the goods that were sold during a specific period.

Select the Appropriate Definition for Each of the Items Listed