Which of the following formulas determine cost of goods sold in a manufacturing entity?

ACCOUNTING

Multiple Choice

Which of the following formulas determine cost of goods sold in a manufacturing entity?

a. Beginning work-in-process inventory + Cost of goods manufactured - Ending work-in-process inventory = Cost of goods sold

b. Beginning work-in-process inventory + Cost of goods manufactured + Ending work-in-process inventory = Cost of goods sold

c. Cost of goods manufactured - Beginning finished goods inventory - Ending finished goods inventory = Cost of goods sold

d. Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory = Cost of goods sold

Click here for the SOLUTION