A Manufacturing Company Calculates Cost of Goods Sold as Follows

Multiple Choice

A manufacturing company calculates cost of goods sold as follows:

A) Beginning FG inventory + cost of goods purchased - ending FG inventory.
B) Ending FG inventory - cost of goods manufactured + beginning FG inventory.
C) Beginning FG inventory - cost of goods manufactured - ending FG inventory.
D) Beginning FG inventory + cost of goods manufactured - ending FG inventory.