The cost of units completed during a period is called
A)cost of goods sold.
B)cost of goods manufactured.
C)current manufacturing costs.
D)finished goods inventory.

Question

Quizplus · Accepted Answer

The cost of units completed during a period is referred to as cost of goods manufactured, which includes all of the direct and indirect costs associated with producing a product. The cost of goods sold refers to the cost of the products sold during a period, while current manufacturing costs are the costs incurred during the current period for producing goods that are not yet completed. Finished goods inventory refers to completed products that have not yet been sold.

The Cost of Units Completed During a Period Is Called