Cost of goods sold is obtained from

a. analysis of all the control accounts in the cost system.
b. the finished goods inventory records.
c. the work in process inventory records.
d. the Raw Materials Inventory control account.

Answer: b. the finished goods inventory records.

Business

You might also like to view...

Which of the following describes the public relations function of lobbying?

A) sponsoring efforts to publicize specific products B) advising management about public issues, and company positions and image during good times and bad C) presenting news and information about the organization in the most positive light D) dealing with legislators and government officials to promote or defeat legislation and regulation E) promoting understanding of the organization through internal and external communications

Business

Under the FCPA's anti-bribery provisions, the standard of criminal conduct to which corporate officials and employees are held is ________

A) knowing B) reckless C) negligent D) strict liability

Business