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A cost of goods manufactured schedule shows beginning and ending inventories for: a)raw materials and work in process only.

(b)work in process only.
(c)raw materials only.
(d)raw materials, work in process, and finished goods.

User Terry Lin
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Final answer:

A cost of goods manufactured schedule includes the beginning and ending inventories for raw materials, work in process, and finished goods, providing vital information for inventory management and cost calculation.

Step-by-step explanation:

The student's question is (d) raw materials, work in process, and finished goods.

A cost of goods manufactured (COGM) schedule details the total production costs incurred by a company to produce goods within a specified period. This schedule includes a clear record of the beginning and ending inventories for raw materials, work in process, and finished goods.

Raw materials inventory represents the materials and supplies on hand at the start and end of the period. Work in process inventory encompasses goods that are in the production process but are not yet complete. Lastly, finished goods inventory includes the manufactured goods that are completed and ready for sale but have not yet been sold. Understanding COGM is crucial for managing inventory levels, calculating accurate product costs, and ensuring efficient production processes.

User Alaster
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