The beginning and ending balances of the finished goods inventory are not used in the computation of cost of goods manufactured.

Name: The beginning and ending balances of the finished goods inventory are not used in the computation of cost of goods manufactured.
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Question

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The beginning and ending balances of the finished goods inventory are not used in the computation of cost of goods manufactured because they are already included in the calculation of the cost of goods sold.

The Beginning and Ending Balances of the Finished Goods Inventory