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In a manufacturing company, the total cost of goods produced is equivalent to


Question

In a manufacturing company, the total cost of goods produced is equivalent to

Options

A) purchases

B) sales

C) cost of goods sold

D) cost of materials used

The correct answer is A.

Explanation:

The accounting for a manufacturing business deals with inventory valuation and the cost of goods sold. The cost of goods produced is usually equal to the cost of raw material purchases.


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  • The accounting for a manufacturing business deals with inventory valuation and the cost of goods sold. The cost of goods produced is usually equal to the cost of raw material purchases.

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