Cost of goods sold is the cost of materials, labor, and advertising incurred to produce the products that were sold.

Name: Cost of goods sold is the cost of materials, labor, and advertising incurred to produce the products that were sold.
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Question

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Cost of goods sold (COGS) includes the direct costs attributable to the production of the goods sold by a company, such as the cost of the materials and labor directly used to create the product, but it does not include indirect expenses like advertising costs.

Cost of Goods Sold Is the Cost of Materials, Labor