Question

Which of the following are sections of the Schedule of Cost of Goods Manufactured? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

Answer 1

Answer:

• Cost of Goods manufactured schedule consist of:

Direct material + Direct Labor + Factory overhead + Beginning WIP – Ending WIP

• Hence, Sections that are part of Schedule of Cost of Goods manufactured are:

1. Direct Labor
2. Direct Materials
3. Factory Overhead
4. Cost of Goods manufactured.

Explanation: