The production cost report for Department 2 shows that $454,000 was assigned to the 50,000 units transferred to Finished Goods Inventory.Cost of goods manufactured equals $454,000.

Question

Quizplus · Accepted Answer

The production cost report shows that $454,000 was assigned to the units transferred to Finished Goods Inventory, which means that this is the cost of goods manufactured. So, option A is true.

The Production Cost Report for Department 2 Shows That $454,000