How is the cost of goods manufactured schedule related to the income statement? The income statement...

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How is the cost of goods manufactured schedule related to the income statement? The income statement is used to calculate the cost of goods sold, which is then transferred to the cost of goods manufactured schedule to help calculate the cost of goods manufactured. The income statement is used to calculate finished goods inventory and work in process inventory, which are then transferred to the cost of goods manufactured schedule to calculate cost of goods sold. The cost of goods manufactured that is calculated on the cost of goods manufactured schedule is placed on the income statement under the cost of goods sold section. The cost of goods manufactured schedule is used to calculate the cost of goods sold, which is then placed on the income statement to calculate company expenses. Save for Later Submit Answer How is the cost of goods manufactured schedule related to the income statement? The income statement is used to calculate the cost of goods sold, which is then transferred to the cost of goods manufactured schedule to help calculate the cost of goods manufactured. The income statement is used to calculate finished goods inventory and work in process inventory, which are then transferred to the cost of goods manufactured schedule to calculate cost of goods sold. The cost of goods manufactured that is calculated on the cost of goods manufactured schedule is placed on the income statement under the cost of goods sold section. The cost of goods manufactured schedule is used to calculate the cost of goods sold, which is then placed on the income statement to calculate company expenses. Save for Later Submit Answer

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