Finished Goods Inventory increases by the

Name: Finished Goods Inventory increases by the
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Finished Goods Inventory represents the cost of goods that have been completed but not yet sold. Therefore, the cost of goods manufactured (which includes direct materials, direct labor, and manufacturing overhead) will increase Finished Goods Inventory. Overhead applied, cost of selling the product, and cost of goods sold would decrease Finished Goods Inventory.

Finished Goods Inventory Increases by the