If the cost of goods sold is less than the cost of goods manufactured,then

Name: If the cost of goods sold is less than the cost of goods manufactured,then
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of goods manufactured includes the cost of direct materials, direct labor, and factory overhead incurred in producing finished goods. If the cost of goods sold is less than the cost of goods manufactured, it means that some of the finished goods were not sold during the period and therefore were added to the finished goods inventory.

If the Cost of Goods Sold Is Less Than the Cost