The income statement for a manufacturing company includes:
A)Indirect Labor,Factory Overhead,and Total Manufacturing Cost.
B)Total Manufacturing Cost and Cost of Goods Sold.
C)Indirect Materials,Factory Overhead,and Cost of Goods Manufactured.
D)Indirect Labor,Indirect Materials and Cost of Goods Sold.

Question

Quizplus · Accepted Answer

The income statement for a manufacturing company typically includes the cost of goods sold, which includes the total manufacturing cost of producing those goods. Therefore, choice B is the best answer as it includes both Total Manufacturing Cost and Cost of Goods Sold. The other answer choices include items that might appear on a statement of cost of goods manufactured, but are not typically included on an income statement.

The Income Statement for a Manufacturing Company Includes