A schedule of the cost of finished goods manufactured summarizes the flow of manufacturing costs into and out of the finished goods inventory account.

Name: A schedule of the cost of finished goods manufactured summarizes the flow of manufacturing costs into and out of the finished goods inventory account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A schedule of the cost of finished goods manufactured summarizes the flow of manufacturing costs into and out of the work-in-process inventory account, not the finished goods inventory account.

A Schedule of the Cost of Finished Goods Manufactured Summarizes