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

question 276

True/False

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.

---

Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others in a productive and healthy manner.

G Factor

A term used in psychology, referring to the general intelligence factor believed to underlie all intelligent activity.

Analytical Intelligence

The ability to analyze, evaluate, judge, compare, and contrast information.

Creative Intelligence

The ability to generate novel and useful ideas or solutions to problems.