The Formula for Cost of Goods Sold for a Manufacturer

Multiple Choice

The formula for cost of goods sold for a manufacturer is

A) beginning Finished Goods Inventory plus Cost of Goods Manufactured minus ending Finished Goods Inventory.
B) beginning Work in Process Inventory plus Cost of Goods Manufactured minus ending Work in Process Inventory.
C) direct material plus direct labor plus applied overhead.
D) direct material plus direct labor plus overhead incurred plus beginning Work in Process Inventory.