In a manufacturing company, cost of goods manufactured consists of direct materials put into production, direct labor and manufacturing overhead incurred plus the beginning inventory of finished goods less the ending inventory of finished goods

Question

Quizplus · Accepted Answer

Cost of goods manufactured consists of direct materials put into production, direct labor, and manufacturing overhead incurred, but it does not include beginning or ending inventory of finished goods. It relates to the costs of producing goods during the period.

In a Manufacturing Company, Cost of Goods Manufactured Consists of Direct