What Is the Outcome If the Cost of Goods Sold

question 67

Multiple Choice

What is the outcome if the cost of goods sold is greater than the cost of goods manufactured?

• A) Work-in-process inventory has decreased during the period.
• B) Finished goods inventory has increased during the period.
• C) Total manufacturing costs must be greater than cost of goods manufactured.
• D) Finished goods inventory has decreased during the period.

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Definitions:

Economic Growth

The increase in the production of goods and services in an economy over a period of time, typically measured as the annual rate of increase in real GDP.

Portfolio Return

The overall gain or loss experienced by an investment portfolio over a specified period.

Stock Returns

The gain or loss made on an investment in shares, generally represented as a percentage of the investment’s initial cost.

Business Cycle

The fluctuation of economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.