Which of the following is not considered a selling expense?
A) Cost of goods sold
B) Cost of storing goods
C) Freight-out expense
D) Advertising expense

Question

Quizplus · Accepted Answer

Cost of goods sold is the cost to purchase or produce the goods being sold and is not a selling expense. Selling expenses are expenses incurred specifically in the process of selling the goods or services, such as advertising expenses, freight-out expenses, and commissions. The cost of storing goods may also be considered a selling expense if it is related to the storage of inventory for the purpose of preparing it for sale.

Which of the Following Is Not Considered a Selling Expense