Which of the Following Is Characteristic of Cost of Goods

question 119

Multiple Choice

Which of the following is characteristic of cost of goods sold?

• A)Cost of goods sold is the total product cost for the units sold during a period.
• B)Cost of goods sold is the total product cost on the balance sheet.
• C)Cost of goods sold is a cost that will be more than the revenue.
• D)Cost of goods sold does not include the direct materials cost of the product.

---

Definitions:

Uniform Probability Distribution

A type of probability distribution where all outcomes are equally likely to occur.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon or experiment.

Equal Length

A term often used in data visualization or statistical analysis to describe intervals, bars, or bins that all have the same size or duration.

Normal Probability Distribution

A continuous probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.