Which of the Following Is the Correct Formula for Cost

question 28

Multiple Choice

Which of the following is the correct formula for cost of goods sold?

• A)Opening WIP inventory + cost of goods manufactured + ending WIP inventory.
• B)Opening WIP inventory - cost of goods manufactured = ending WIP inventory.
• C)Opening finished goods inventory - cost of goods manufactured + Ending finished goods inventory.
• D)Opening finished goods inventory + cost of goods manufactured - Ending finished goods inventory.
• E)None of the above.

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Definitions:

Stapes

A small stirrup-shaped bone in the middle ear, transmitting vibrations from the incus to the inner ear.

Convergent Evolution

The phenomenon where unrelated species develop comparable characteristics independently due to the necessity of adapting to analogous environments or ecological roles.

Homoplasious Trait

A characteristic shared by a set of species but not present in their common ancestor, often resulting from convergent evolution rather than shared ancestry.

Analogous Trait

A trait shared by different species due to convergent evolution, not because of a shared ancestry, producing similar structures independently.