Which entry traces direct materials, direct labor and manufacturing overhead costs onto the income statement:

Question

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Costs of Goods Sold is the account that traces direct materials, direct labor and manufacturing overhead costs onto the income statement. The Finished Goods inventory account is used to track the cost of completed products that are ready to be sold. The Work in Process inventory account is used to track the cost of products that are still being manufactured. The Raw Materials inventory account is used to track the cost of materials that have not yet been used in production.

Which Entry Traces Direct Materials, Direct Labor and Manufacturing Overhead