When the products are shipped to customers,the cost of manufacturing those products becomes Cost of Goods Sold (COGS)shown on the company's balance sheet.

Name: When the products are shipped to customers,the cost of manufacturing those products becomes Cost of Goods Sold (COGS)shown on the company's balance sheet.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

COGS is shown on the income statement, not the balance sheet. It represents the direct costs of producing goods that have been sold.

When the Products Are Shipped to Customers,the Cost of Manufacturing