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What Is the Calculation of Closing Inventory for a Finished

Question 8

Multiple Choice

What is the calculation of closing inventory for a finished goods inventory budget?


A) (opening balance plus inventories manufactured) less sales of finished goods.
B) (opening balance plus sales of finished goods) less inventories manufactured.
C) (opening balance plus inventories manufactured) plus cash sales of finished goods.
D) none of the above.

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