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Which One of the Following Is the Correct Calculation of Cost

Question 77

Multiple Choice

Which one of the following is the correct calculation of cost of goods sold for a manufacturing company?


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

Correct Answer:

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