All of the following are required to calculate the cost of goods sold in the budgeted income statement except:
A)the manufacturing overhead costs per unit.
B)the selling and administrative costs per unit.
C)the number of units sold.
D)the direct material and direct labor costs per unit.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

Selling and administrative costs per unit are not included in the cost of goods sold. They are listed separately in the budgeted income statement under the heading "selling and administrative expenses." The other options listed (A, C, and D) are all necessary components in calculating the cost of goods sold.

All of the Following Are Required to Calculate the Cost