A production cost report aids in preparing an income statement by providing data for ________.
A) period costs incurred during the period
B) various inventory accounts
C) cost of goods sold during the period
D) revenues generated during the period

Question

Quizplus · Accepted Answer

A production cost report provides data on the cost of goods manufactured during the period, which is then used to calculate the cost of goods sold on the income statement.

A Production Cost Report Aids in Preparing an Income Statement