In manufacturing, all costs directly related to production including raw materials, labor, and factory overhead are classified as:
A)operating expenses
B)inventory expenses
C)cost of goods sold
D)intangible profits
E)administrative expenses

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) includes all costs directly related to the production of goods, such as raw materials, labor, and factory overhead.

In Manufacturing, All Costs Directly Related to Production Including Raw