All expenses directly involved in producing or selling a good or service during a given time period is called cost of goods sold.

Name: All expenses directly involved in producing or selling a good or service during a given time period is called cost of goods sold.
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Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor directly used to create the product.

All Expenses Directly Involved in Producing or Selling a Good