Cost of goods sold for a manufacturer equals cost of goods manufactured plus

A) beginning work in process inventory less ending work in process inventory
B) ending work in process inventory less beginning work in process inventory
C) beginning finished goods inventory less ending finished goods inventory
D) ending finished goods inventory less beginning finished goods inventory

Question

Ratneshwar Sandhu · Accepted Answer

Final Answer : C, Explanation :  Cost of goods sold is calculated by adding the beginning finished goods inventory to the cost of goods manufactured and then subtracting the ending finished goods inventory.

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