Cost (of goods sold)includes only items that are closely related to production.

Name: Cost (of goods sold)includes only items that are closely related to production.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of goods sold, also known as cost of sales, includes the direct costs associated with producing and selling goods, such as materials, labor, and overhead expenses. It does not include expenses that are not directly related to production, such as sales and marketing expenses.

Cost (Of Goods Sold)includes Only Items That Are Closely Related