Costs of Goods Sold includes which of the following?

Name: Costs of Goods Sold includes which of the following?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Costs of Goods Sold refers to the direct expenses incurred in producing goods or services, such as the actual cost of materials, labor, and other overheads directly involved in the production process. Administrative fees, management salaries, and depreciation expense are not included in the calculation of Costs of Goods Sold.

Costs of Goods Sold Includes Which of the Following