Ending finished goods inventory
A)appears on a cost of goods manufactured schedule.
B)for a manufacturing company is equivalent to merchandise inventory for a merchandising company.
C)represents the cost of completed goods available for sale to customers.
D)is calculated by adding beginning finished goods inventory to cost of goods sold and subtracting cost of goods manufactured.

Question

Quizplus · Accepted Answer

For a manufacturing company, ending finished goods inventory is similar to merchandise inventory for a merchandising company, as both represent the cost of goods ready for sale.

Ending Finished Goods Inventory