Cost of goods manufactured can be computed by as the ending balance of Finished Goods Inventory plus Cost of Goods Sold minus the beginning balance of Finished Goods Inventory.

Question

Quizplus · Accepted Answer

Cost of goods manufactured is the total cost incurred during a period to produce the goods that are sold during that period. It is calculated by adding the beginning balance of finished goods inventory to the cost of goods sold and then subtracting the ending balance of finished goods inventory.

Cost of Goods Manufactured Can Be Computed by as the Ending