Question

opening and closing stock of finished goods when added to cost of production it is termed as​

Answer 1

Explanation:

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Answer 2

Answer:

Cost of Goods Solds

Explanation:

Cost of Goods Sold (COGS) is the cost of a product to a manufacturer, distributor or retailer. It is used to calculate the gross profit by simply subtracting it from the sales revnue. It can be found on an income statement, and according to accounting it is an expense. It can be calculated using the following formula : cost of production + opening stock of finished goods – closing stock of finished goods = cost of goods sold.