Which of the Following Statements Is False Regarding the Budgeted

Which of the following statements is false regarding the budgeted schedule of cost of goods manufactured and sold?

A) This budget schedule first summarizes the various costs of production from other budget schedules
B) This budget adjusts for the beginning and ending cost of work-in-process inventory to compute the
C) This budget computes cost of goods sold by adjusting cost of goods manufactured by the
D) This budget uses a format that is prepared by companies for external reporting purposes.
E) This budget shows production costs that are expected to flow through the inventory accounts.