A schedule of cost of goods manufactured is also known as a: Multiple Choice Raw materials processed schedule. Factory supplies used schedule. Manufacturing statement. Total finished goods statement. Cost of goods sold schedule.

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Business

Rogelio

25 August, 12:37

A schedule of cost of goods manufactured is also known as a: Multiple Choice Raw materials processed schedule. Factory supplies used schedule. Manufacturing statement. Total finished goods statement. Cost of goods sold schedule.

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Kayley Ramirez · Answer 1

Manufacturing statement

Explanation:

As the schedule for the raw material i. e used during the year is the same for the factory supplies i. e used. The finished goods statement is the statement which only records the actual goods that are finished during the year. And, the cost of goods schedule shows the sold-out schedule of the goods

And,

As we know that

Cost of goods manufactured = Beginning work in process + Raw materials used + direct labor cost + overhead cost - closing work in process

Therefore the cost of goods manufactured schedule is also known as Manufacturing statement