While preparing CGS statement, Increase in Finished Goods inventory will be.
A. Subtracted from Cost of Goods Sold
B. Added in Cost of Goods Sold
C. Subtracted from Cost of Goods Manufactured
D. Added in Total Manufacturing Cost
Answer:C
While preparing CGS statement, Increase in Finished Goods inventory will be.
A. Subtracted from Cost of Goods Sold B. Added in Cost of Goods Sold C. Subtracted from Cost of Goods Manufactured D. Added in Total Manufacturing Cost