Cost of Goods Sold Plus the Ending Finished Goods Inventory

question 69

True/False

Cost of goods sold plus the ending finished goods inventory minus the beginning finished goods inventory equals the cost of goods manufactured.This statement works backwards from cost of goods sold to cost of goods manufactured.

---

Definitions:

Repression

A defense mechanism in psychoanalysis where distressing thoughts and memories are unconsciously blocked from conscious awareness.

Free Association

A psychoanalytic technique where patients are encouraged to share thoughts, words, or images that enter their mind to uncover unconscious thoughts and feelings.

Suppression

The conscious act of stopping oneself from thinking or feeling certain unwanted thoughts or emotions.

Cognitive Mapping

The process of using mental representations to acquire, code, store, recall, and decode information about the relative locations and attributes of phenomena in their everyday or metaphorical spatial environment.