In Relation to the Cost of Goods Manufactured Report Which

question 29

Multiple Choice

In relation to the cost of goods manufactured report which is not a correct statement?

• A)It is prepared to calculate the cost of goods completed in the period
• B)The total of direct materials,direct labour and factory overhead represent the manufacturing costs for the period
• C)The ending work in process is subtracted to obtain the cost of completed goods manufactured for the period
• D)Cost of goods manufactured is transferred to the cost of sales account

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Definitions:

Fossil Record

The collection of fossils, which serves as historical documentation of past life on Earth.

Stone Tools

Prehistoric tools made from stone by early humans, used in hunting, cutting, and as weapons.

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nurse their young, fur or hair, and three middle ear bones.

Characteristics

Features or qualities distinguishing a person, object, or phenomenon from others.