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

Question

Quizplus · Accepted Answer

Cost of Goods Sold (COGS) refers to the direct costs of producing the goods sold by a company. This includes items like material costs and direct labor. A movie theatre does not sell physical goods but rather provides a service (movie screenings), so it does not have a COGS. In contrast, jewelry stores, grocery stores, and battery manufacturers all sell physical goods, which incur direct costs.

Which of the Following Businesses Would Not Have Cost of Goods