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How is the Cost of Goods Calculated????

Answer Posted / ankur

because the question was regarding the cost of goods and
not about the cost of goods sold.......
and thus cost of goods will include the cost incurred on
goods manufactured

Therefore,
Cost of goods is calculated by adding Direct material,
Direct Labour and DirectExpenses and all other indirect
overheads (excluding the financial cost )

but only on the goods manufactured.....

Is This Answer Correct ?    7 Yes 1 No



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