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QUESTION

To calculate cost of goods manufactured you need to:Subtract ending work-in-process from total work-in-process.add ending work-in-process from total...

1.To calculate cost of goods manufactured you need to:-

a.Subtract ending work-in-process from total work-in-process.

b.add ending work-in-process from total work-in-process.

c.multiply ending work-in-process with total work-in-process.

d.divide ending work-in-process into total work-in-process.

2.Which schedule and/or financial statement would direct labor be reported?

a.Cost of Goods Manufactured Schedule.

b.Cost of Goods sold Schedule.

c.Balance Sheet.

d.Income Statement.

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