Cost of production plus opening stock of finished goods minus closing stock of finished goods is equal to —

CS Executive · Cost and Management Accounting · PYQS · December 2014
Cost of production plus opening stock of finished goods minus closing stock of finished goods is equal to —
(A) Cost of goods sold
(B) Cost of sales
(C) Sales
(D) Prime cost.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Cost of goods sold.

Topics: Cost Accounting Fundamentals

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic