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If the finished goods inventory increases between the beginning and

the end of a

period, then the cost of goods manufactured is smaller than the cost of goods sold. True or False ?

Accounting Auditing CMA
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Question added by Deleted user
Date Posted: 2015/04/03
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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

False.

 

Can be explain on demand.

 

Thank you....

Syed Muntazir
by Syed Muntazir , Accountant , AL BARAKAH DATES FACTORY LLC

Correct answer is option b ie False

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

The answer for this question is choice B, False

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