Which of the Following Represents the Correct Formula for Calculating

question 98

Multiple Choice

Which of the following represents 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.

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