Which of the Following Is the Correct Formula for Calculating

question 114

Multiple Choice

Which of the following is the correct formula for calculating cost of goods manufactured?

• A)Direct materials used + direct labor + factory overhead + beginning work in process + ending work in process.
• B)Direct materials used + direct labor + factory overhead + beginning work in process − ending work in process.
• C)Direct materials used + direct labor + factory overhead − beginning work in process + ending work in process.
• D)Direct materials used + direct labor + factory overhead − beginning work in process − ending work in process.
• E)Direct materials used + direct labor − factory overhead + beginning work in process − ending work in process.