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:

Contract Law

The branch of legal study that deals with agreements between parties, their rights, and obligations.

Introduction

An initial section of a document or speech that outlines the purpose and objectives.

Logical Locations

Strategic placement of elements or information in a way that follows a clear and understandable order or rationale.

Descriptions

The act of providing details or characteristics of someone or something.