What is the purpose of the Statement of Cost of Goods Manufactured?
A) to determine the ending materials inventory
B) to determine the ending work in process inventory
C) to determine the amounts transferred to finished goods
D) all of the answers are true

Question

Quizplus · Accepted Answer

The Statement of Cost of Goods Manufactured is used to calculate the total cost of goods that were completed and transferred to finished goods inventory during a specific period.

What Is the Purpose of the Statement of Cost of Goods