If you want to know the amounts a company used to calculate, 'Cost of goods manufactured,' where would you look?
A)on the Income Statement
B)on the Balance Sheet
C)on both the Balance Sheet and Income Statement
D)only in the managerial accounting records

Question

Quizplus · Accepted Answer

The 'Cost of goods manufactured' is typically found in managerial accounting records, as it involves detailed internal calculations related to production costs, which are not usually disclosed in financial statements like the Income Statement or Balance Sheet.

If You Want to Know the Amounts a Company Used