Which of the following businesses would not have cost of goods sold?
A)A jewellery store
B)A grocery store
C)A movie theatre
D)A manufacturer of batteries

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) refers to the cost of producing or acquiring the products or goods that a business sells. A movie theatre does not sell goods or products, they sell a service (movie-going experience), so it does not have cost of goods sold. Jewelry store, grocery store, and manufacturer of batteries have cost of goods sold.

Which of the Following Businesses Would Not Have Cost of Goods