Which of the following items would not be reported on the statement of cost of goods manufactured?
A) beginning work in process inventory.
B) purchases of raw materials.
C) total manufacturing costs.
D)contribution margin.

Question

Quizplus · Accepted Answer

Contribution margin is a measure used in cost accounting to determine the profitability of a product or service. It is not a cost incurred in the manufacturing process and therefore not included in the statement of cost of goods manufactured. Beginning work in process inventory, purchases of raw materials, and total manufacturing costs are all included in the statement of cost of goods manufactured.

Which of the Following Items Would Not Be Reported on the Statement