Which of the following are reported on the income statement as part of cost of goods?
A) administrative expenses
B) period costs
C) cost of goods manufactured
D) operating expenses

Question

Quizplus · Accepted Answer

Cost of goods manufactured is the total cost of producing the goods that were sold during the period, including direct materials, direct labor, and manufacturing overhead. These costs are reported as part of cost of goods sold on the income statement. Administrative expenses and operating expenses are reported separately on the income statement, while period costs are not included in cost of goods sold.

Which of the Following Are Reported on the Income Statement