Incorrect Question 1 0/1 pts The Cost of Goods Manufactured Budget has an underlying inventory t-account that can be used to understand the components of it. Recreate the formula that describes this t-account: [ Select) Beginning balance sales Ending balance cost of goods sold direct materials + direct labor + overhead purchases used in production Answer 1: cost of goods manufactured production cost of goods manufactured Answer 2: cost of goods sold Incorrect Question 1 0/1 pts The Cost of Goods Manufactured Budget has an underlying inventory t-account that can be used to understand the com.onents of it. Recreate the formula that describes this t-account: Beginning balance + [Select] [Select) Ending balance Answer 1: cost of goods manufactured Answer 2: cost of goods sold Incorrect Question 1 0/1 pts The Cost of Goods Manufactured Budget has an underlying inventory t-account that can be used to understand the components of it. Recreate the formula that describes this t-account: Beginning balance + [Select) [ Select] cost of goods manufactured = Ending balance used in production production cost of goods sold direct materials + direct labor + overhead Answer 1: purchases sales cost of goods manufactured Answer 2: cost of goods sold