Which of the following would appear as a line item on the income statements of both a merchandiser and a manufacturer?
A) Direct Labor
B) Cost of Goods Manufactured
C) Direct Materials
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

Cost of Goods Sold is a common line item on the income statements of both merchandisers and manufacturers. It represents the cost of the products that were sold during the period. Direct Labor, Direct Materials, and Cost of Goods Manufactured are typically found only on the income statement of a manufacturer.

Which of the Following Would Appear as a Line Item