The cost of finished goods manufactured will exceed the cost of goods sold whenever: Multiple Choice The inventory of finished goods increases over the period. The inventory of work in process increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period.

Question

Howard Bauer

Business

24 July, 23:18

The cost of finished goods manufactured will exceed the cost of goods sold whenever: Multiple Choice The inventory of finished goods increases over the period. The inventory of work in process increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period.

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Answers (1)

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Daniel Parker · Answer 1

The inventory of finished goods increases over the period.

Explanation:

mathematically:

Cost of finished goods inventory = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Cost of Goods Sold

= The Ending Finished Goods Inventory Amount