Which of the following items appears only in a manufacturing company's financial statements?
A) Goods available for sale.
B) Cost of goods manufactured.
C) Net income.
D) Gross profit.
E) Cost of goods sold.

Question

Quizplus · Accepted Answer

Cost of goods manufactured is a specific line item that appears only in a manufacturing company's financial statements, as it reflects the total cost of producing goods during a given period. The other answer choices may appear in both manufacturing and non-manufacturing companies' financial statements.

Which of the Following Items Appears Only in a Manufacturing