In the general ledger, the accounts used to determine the cost of goods manufactured are closed to the manufacturing summary account, which is then closed to the:

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The manufacturing summary account is used to accumulate the costs of production, and once the period's manufacturing activities are concluded, this account is closed to the income summary account. The income summary account is then used to determine the net income or loss for the period by summarizing revenue and expense accounts, including the cost of goods manufactured as part of the expenses.

In the General Ledger, the Accounts Used to Determine the Cost