Factory Supplies Expense, Depreciation Expense-Factory, and Heat, Light, and Power-Factory appear on which section of the worksheet?

Question

Quizplus · Accepted Answer

These expenses are directly associated with the manufacturing process and are included in the calculation of the cost of goods manufactured. They are not part of the income statement in the traditional sense (like selling and administrative expenses), nor are they related to stockholders' equity or the cost of goods sold statement directly. The cost of goods manufactured statement summarizes the total production costs, making it the correct place for these expenses.