A manufacturing statement is also known as a schedule or listing of the:
A) Raw materials processed.
B) Factory supplies used.
C) Cost of goods manufactured.
D) Total finished goods.
E) Cost of goods sold.

Question

Quizplus · Accepted Answer

A manufacturing statement shows the total cost of goods manufactured during a period, which includes the cost of direct materials used, direct labor, and manufacturing overhead. Therefore, the correct option is C, which represents the cost of goods manufactured. Options A, B, D, and E are not accurate descriptions of a manufacturing statement.

A Manufacturing Statement Is Also Known as a Schedule or Listing