Answer: Beginning finished goods inventory plus Cost of goods manufactured Minus Ending finished goods inventory
Explanation:
When calculating the cost of goods sold for a manufacturing company, the entries involved would be the goods manufactured by the company.
The new goods manufactured will be transferred to the Finished goods inventory account and their costs will be added to the cost of the finished goods inventory that is already there.
At the end of the period, the remaining finished goods inventory is deducted from the figure gotten above so that the cost of the goods sold in the period is acquired.
