Cost of finished goods inventory is calculated by: Deducting total cost from fin

Question

Cost of finished goods inventory is calculated by: Deducting total cost from finished goods inventory Multiplying units of finished goods inventory with the cost per unit Dividing units of finished goods inventory with the cost per unit Multiplying total cost with finished goods inventory Assuming no returns outwards or carriage inwards, the cost of goods sold will be equal to: Opening stock Less purchases plus closing stock Closing stock plus purchases plus opening stock Sales less gross profit Purchases plus closing stock plus opening stock plus direct labor

Explanation / Answer

1- A (I think) 2- D 3- A 4- A 5- D 6- C 8- B 9- B 11- B 12- B 15- B

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