Cost of goods manufactured equals

Name: Cost of goods manufactured equals
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Cost of goods manufactured represents the total cost of the goods that were completed during the current accounting period. It includes direct materials, direct labor, and overhead costs. The formula to calculate cost of goods manufactured is:

Total product costs incurred during the current period + beginning work in process − ending work in process.

Therefore, option A is the correct answer.

Cost of Goods Manufactured Equals