Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.
-costs of completed items that have been sold to customers

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) is the account that includes the costs of completed items that have been sold to customers. This account reflects the direct costs attributable to the production of the goods sold by a company.

Match the Inventory-Related Accounts to Costs That May Be Included