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COGM-Multiple Choice

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  • 1. Open Ended
    30 seconds
    1 pt
    Cost of goods manufactured represents a. cost of goods sold during the period b. cost of all products that were started during the period c. total cost to manufacture completed finished goods during the period d. total cost for everything paid for at the manufacturing plant during the period
  • 2. Open Ended
    30 seconds
    1 pt
    The formula to calculate cost of goods sold is a. beginning finished goods plus ending finished goods plus cost of goods manufactured b. beginning work in process less ending work in process plus cost of goods manufactured c. beginning raw materials purchased plus cost of goods manufactured less ending raw materials d. beginning finished goods plus cost of goods manufactured less ending finished goods
  • 3. Open Ended
    30 seconds
    1 pt
    The formula to calculate cost of goods manufactured is a. beginning finished goods plus ending finished goods plus cost of goods manufactured b. beginning work in process less ending work in process plus all costs this period to manufacture products c. beginning raw materials purchased plus cost of good manufactured less ending raw materials d. beginning finished goods plus cost of goods manufactured less ending finished goods
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