On the cost of goods manufactured schedule the cost of goods manufactured agrees with the

Question

Quizplus · Accepted Answer

The cost of goods manufactured (COGM) represents the total cost of all products that were completed during the period and transferred from Work in Process Inventory to Finished Goods Inventory. Therefore, the COGM should equal the amount transferred from Work in Process Inventory to Finished Goods during the period. Choices A, B, and D are incorrect because they do not represent the COGM.

On the Cost of Goods Manufactured Schedule the Cost of Goods