Suppose The Fruit Group buys a kiwi for $.10 and sells the kiwi for $.50. The cost of goods sold would be:
A) $.10
B) $.40
C) $.05
D) $.50

Name: Suppose The Fruit Group buys a kiwi for $.10 and sells the kiwi for $.50. The cost of goods sold would be: A) $.10 B) $.40 C) $.05 D) $.50
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Question

Quizplus · Accepted Answer

The cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. In this case, it's the cost to buy the kiwi, which is $.10.

Suppose the Fruit Group Buys a Kiwi for