________ would appear on an income statement of both a retailer and a manufacturer.
A)Direct materials used
B)Ending balance in finished goods inventory
C)Selling expenses
D)Ending balance in merchandise inventory

Question

Quizplus · Accepted Answer

Selling expenses are costs incurred by both retailers and manufacturers in order to sell their products. Direct materials used and ending balance in finished goods inventory would only appear on a manufacturer's income statement, while ending balance in merchandise inventory would only appear on a retailer's income statement.

________ Would Appear on an Income Statement of Both a Retailer