Question

The manufacturing account is calculated

Answer 1

Answer:

The manufacturing cost of goods completed for an accounting period is calculated using the cost of goods manufactured formula as follows. In the formula raw material purchases is equal to the gross raw material purchases of the business including carriage inwards less any purchase returns, allowances, and discounts.

Answer 2

Explanation:

The manufacturing cost of goods completed for an accounting period is calculated using the cost of goods manufactured formula as follows. In the formula raw material purchases is equal to the gross raw material purchases of the business including carriage inwards less any purchase returns, allowances, and discounts