In a traditional format income statement for a merchandising company,the cost of goods sold reports the product costs attached to the merchandise sold during the period.

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In a traditional format income statement for a merchandising company, the cost of goods sold represents the cost of the merchandise that was sold during the period. It includes the cost of materials, labor, and overhead expenses associated with producing or acquiring the goods that are sold to customers.

In a Traditional Format Income Statement for a Merchandising Company,the