8) Which of the following statements is false regarding the budgeted schedule of cost of goods manufactured and sold? A) This budget schedule first summarizes the various costs of production from other budget schedules to compute the period's total manufacturing costs. B) This budget adjusts for the beginning and ending cost of work-in-process inventory to compute the cost of goods manufactured. This budget computes cost of goods sold by adjusting cost of goods manufactured by and ending balances in finished goods inventory. This budget uses a format that is prepared by companies for external reporting E) This budget shows production costs that are expected to flow through the inventory C) the beginn D) purposes. accounts

8) Which of the following statements is false regarding the budgeted schedule of cost of goods manufactured and sold? A) This budget schedule first summarizes the various costs of production from other budget schedules to compute the penod's total manufacturing costs. B) This budget adjusts for the begining and ending cost of work-in-process inventory to compute the cost of goods manufactured. C) This budget computes cost of goods sold by adjusting cost of goods manufactured by the beginning and ending balances in finished goods inventory. D) This budget uses a format that is prepared by companies for external/reporting purposes: E) This budget shows production costs that are expected to flow through the inventory accounts