The schedule of cost of goods manufactured is divided into four parts consisting of all of the following except:
A) Direct labor.
B) Overhead.
C) Computation of cost of goods manufactured.
D) Direct materials.
E) Computation of cost of goods sold.

Question

Quizplus · Accepted Answer

The schedule of cost of goods manufactured consists of the following parts: direct materials, direct labor, manufacturing overhead, and computation of cost of goods manufactured. The computation of cost of goods sold, however, is not a part of the schedule of cost of goods manufactured. It is a separate schedule that shows the cost of goods sold during a specific period.

The Schedule of Cost of Goods Manufactured Is Divided into Four