Cost of production plus opening stock of finished goods minus closing stock of finished goods equals to:

CS Executive · Cost and Management Accounting · PYQS · June 2018
Cost of production plus opening stock of finished goods minus closing stock of finished goods equals to:
(A) Cost of goods sold
(B) Sales
(C) Prime cost
(D) Manufacturing cost

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost and Management Accounting

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