Cost of Merchandise Sold is used in accounting for transactions by sellers of merchandise.

Name: Cost of Merchandise Sold is used in accounting for transactions by sellers of merchandise.
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Cost of Merchandise Sold (also known as Cost of Goods Sold) is a key expense in the income statement of sellers of merchandise. It represents the cost incurred by the seller to acquire or produce the goods that were sold during the period.

Cost of Merchandise Sold Is Used in Accounting for Transactions