Which of the following,in addition to cost of goods manufactured,is needed to compute the cost of goods sold for a manufacturer?
A)Beginning work in process inventory less ending work in process inventory
B)Ending work in process inventory less beginning work in process inventory
C)Beginning finished goods less ending finished goods
D)Ending finished goods less beginning finished goods

Question

Quizplus · Accepted Answer

The cost of goods sold for a manufacturer requires the cost of goods manufactured plus the beginning finished goods inventory less the ending finished goods inventory. Option A and B calculate the cost of goods manufactured but do not address the finished goods inventory. Option D calculates the change in finished goods inventory but does not include the cost of goods manufactured.

Which of the Following,in Addition to Cost of Goods Manufactured,is