At What Amount Will the Inventory and Cost of Goods

question 26

Multiple Choice

At what amount will the inventory and cost of goods sold amounts be reported on the financial statements?

• A)Inventory at standard and cost of goods sold at actual
• B)Inventory at actual and cost of goods sold at actual
• C)Inventory at standard and cost of goods sold at standard
• D)Inventory at actual and cost of goods sold at standard