On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents:
A)the amount of cost charged to Work in Process during the period.
B)the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period.
C)the amount of cost placed into production during the period.
D)the amount of cost of goods completed during the current year whether they were started before or during the current year.

Question

Quizplus · Accepted Answer

The Cost of Goods Manufactured represents the total cost of goods that were completed during the period, regardless of when production started.

On the Schedule of Cost of Goods Manufactured, the Final