Which of the following account balances will reflect the actual cost of production at year-end in a standard costing system?
A) Work In Process Inventory
B) Raw Materials Inventory
C) Finished Goods Inventory
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

The Cost of Goods Sold account balance will reflect the actual cost of production at year-end in a standard costing system.

Which of the Following Account Balances Will Reflect the Actual