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question content area given the following data: cost of materials used $45,000 direct labor costs 48,000 factory overhead 39,000 work in process, beginning 28,000 work in process, ending 18,000 finished goods, beginning 28,000 finished goods, ending 18,000 what is cost of goods sold? a.$10,000 b.$152,000 c.$128,000 d.$142,000

Respuesta :

Correct reply is $152,000. Cost of items bought (COGS) refers to the direct charges of producing the items offered by using a company.

This quantity consists of the fee of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution expenses and sales pressure costs.

What is the distinction between COGS and expenses?

The difference between these two strains is that the fee of goods bought includes solely the charges related with the manufacturing of your sold merchandise for the year, whilst your charges line consists of all your different charges of running the business.

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