Which one of the following is the same amount as cost of goods manufactured on the cost of goods manufactured schedule?

Question

Quizplus · Accepted Answer

The cost of goods manufactured is the total cost of the goods that were completed during the period and transferred from the Work in Process Inventory to the Finished Goods Inventory. Therefore, the amount transferred from Work in Process Inventory to Finished Goods during the period is the same amount as the cost of goods manufactured. Option A is the best choice as it directly states this fact. The other options relate to the components of the cost of goods manufactured but do not equate to the same amount.

Which One of the Following Is the Same Amount as Cost