Which of the Following Formulae Determine Cost of Goods Sold

question 147

Multiple Choice

Which of the following formulae determine cost of goods sold in a manufacturing sector company?

• A)Cost of goods manufactured - Beginning finished goods inventory - Ending finished goods inventory = Cost of goods sold
• B)Beginning work-in-process inventory + Cost of goods manufactured - Ending work-in-process inventory = Cost of goods sold
• C)Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory = Cost of goods sold
• D)Beginning work-in-process inventory + Cost of goods manufactured + Ending work-in-process inventory = Cost of goods sold

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