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25 November, 21:42

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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  1. 25 November, 22:43
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    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
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