Cost of goods sold includes the actual costs of the goods sold and the cost of selling them to the customer.Cost of goods sold does not include selling costs.

Name: Cost of goods sold includes the actual costs of the goods sold and the cost of selling them to the customer.Cost of goods sold does not include selling costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) includes only the direct costs of producing goods, such as materials and labor, but does not include selling costs, which are considered operating expenses.

Cost of Goods Sold Includes the Actual Costs of the Goods