Ask Question
18 January, 06:09

Cost of goods sold is obtained from Select one: a. analysis of all the control accounts in the cost system. b. the finished goods inventory records. c. the work in process inventory records. d. the Raw Materials Inventory control account. Check

+2
Answers (1)
  1. 18 January, 08:48
    0
    The correct option is B

    Explanation:

    COGS which is stated as the Cost of goods sold, and it is described as the cost that is directly attributable to the production of the goods which is sold in a firm. It involves the material cost which is used in creating the good along with cost of direct labor.

    So, it can be obtained from the records of the finished goods inventory, which means that the product is ready to sale.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cost of goods sold is obtained from Select one: a. analysis of all the control accounts in the cost system. b. the finished goods inventory ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers