Ending Finished Goods Inventory

question 92

Multiple Choice

Ending finished goods inventory

• A)appears on a cost of goods manufactured schedule.
• B)for a manufacturing company is equivalent to merchandise inventory for a merchandising company.
• C)represents the cost of completed goods available for sale to customers.
• D)is calculated by adding beginning finished goods inventory to cost of goods sold and subtracting cost of goods manufactured.

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Definitions:

African Americans

A racial or ethnic group in the United States with ancestry from any of the black populations of Africa.

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A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

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refers to the lineage or heritage of an individual or community tracing back to the African continent.

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