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    Fundamentals of Cost Accounting Study Set 3
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    Exam 2: Cost Concepts and Behavior
  5. Question
    If the Cost of Goods Manufactured During the Period Exceeds
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If the Cost of Goods Manufactured During the Period Exceeds

Question 1

Question 1

True/False

If the cost of goods manufactured during the period exceeds the cost of goods sold, the ending balance of Finished Goods Inventory account increased.

Correct Answer:

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