The final figure in the Schedule of Cost of Goods Manufactured represents the

Question

Quizplus · Accepted Answer

The final figure in the Schedule of Cost of Goods Manufactured represents the total cost of goods completed for the period. This includes all the direct and indirect manufacturing costs incurred during the period to produce finished goods. This cost is later transferred to the Schedule of Cost of Goods Sold, where it is used to calculate the cost of goods sold for the period.

The Final Figure in the Schedule of Cost of Goods