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


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

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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