Which of the following businesses would not have cost of goods sold?
A) A jewellery store
B) A manufacturer of batteries
C) A grocery store
D) A movie theatre

Question

Quizplus · Accepted Answer

Cost of goods sold refers to the cost of materials and labor that goes into producing or purchasing the products that a business sells. A movie theater does not produce or purchase any products for resale, so it does not have a cost of goods sold.

Which of the Following Businesses Would Not Have Cost of Goods