Which One of the Following Is the Correct Calculation of Cost

question 77

Multiple Choice

Which one of the following is the correct calculation of cost of goods sold for a manufacturing company?

• A)beginning FG inventory - cost of goods manufactured - ending FG inventory
• B)ending FG inventory - cost of goods manufactured + beginning FG inventory
• C)beginning FG inventory + cost of goods purchased - ending FG inventory
• D)beginning FG inventory + cost of goods manufactured - ending FG inventory

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Definitions:

Marketing Program

A comprehensive plan that outlines the advertising, sales, and promotional activities for a product or service to reach its target market.

Marketing Mix

The set of controllable variables that a business uses to influence consumers' buying decisions, traditionally identified as product, price, place, and promotion.

Cool Mint Chocolate

A flavor profile combining the refreshing taste of mint with the rich, sweet taste of chocolate.

Sustenance

The provision of essentials needed for growth, maintenance, and support, often relating to nourishment or support of life and business activities.