Which of the following is NOT a period expense in a merchandising firm?
A) Selling Expense
B) Administrative Expenses
C) R&D Expenses
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

Cost of Goods Sold (COGS) is not a period expense; it is a product cost directly tied to the production or purchase of goods sold by a company. Period expenses, such as Selling Expenses, Administrative Expenses, and R&D Expenses, are costs not directly tied to the production or purchase of goods and are expensed in the period they are incurred.

Which of the Following Is NOT a Period Expense in a Merchandising