Which of the following receives necessary information from the ending finished goods inventory budget?

Question

Quizplus · Accepted Answer

The cost of goods sold budget uses the ending finished goods inventory budget to determine the cost of goods sold for the period. This calculation is important for determining the overall profitability of the company and the budgeted income statement. The sales budget is used to determine the quantity of goods that are expected to be sold during the period, and the cash budget is used to forecast the company's cash inflows and outflows.

Which of the Following Receives Necessary Information from the Ending