In the Schedule of Cost of Goods Sold, Unadjusted cost of goods sold = Beginning finished goods inventory + Cost of goods manufactured − Ending finished goods inventory.

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Tejveer Singh · Accepted Answer

Final Answer : True, Explanation :  This statement is true according to the traditional accounting equation for calculating Cost of Goods Sold.

In the Schedule of Cost of Goods Sold, Unadjusted cost of goods sold = Beginning finished goods inventory + Cost of goods manufactured − Ending finished goods inventory.

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