For a retail firm that sells clothing, which of the following would be considered part of the cost of goods sold?

Question

Quizplus · Accepted Answer

The cost of goods sold for a retail firm includes the price paid for the merchandise (in this case, dresses) and the freight costs associated with getting the merchandise to the store. Wages paid to sales clerks are considered operating expenses, not part of the cost of goods sold.

For a Retail Firm That Sells Clothing, Which of the Following