Question

Marketing expenses begin at a point where the factory costs end.

a) True

b) False


anyone please help me which one is the correct option? need urgent help ​

Answer 1

What Is Cost of Goods Sold – COGS?

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs.

Cost of goods sold is also referred to as "cost of sales."

Formula and Calculation for COGS

\begin{aligned} &\text{COGS}=\text{Beginning Inventory}+\text{P}-\text{Ending Inventory}\\ &\textbf{where}\\ &\text{P}=\text{Purchases during the period}\\ \end{aligned}  

​    

COGS=Beginning Inventory+P−Ending Inventory

where

P=Purchases during the period

​  

 

Inventory that is sold appears in the income statement under the COGS account. The beginning inventory for the year is the inventory left over from the previous year—that is, the merchandise that was not sold in the previous year. Any additional productions or purchases made by a manufacturing or retail company are added to the beginning inventory. At the end of the year, the products that were not sold are subtracted from the sum of beginning inventory and additional purchases. The final number derived from the calculation is the cost of goods sold for the year.

Answer 2

Answer:

false will be your answer ..

Explanation:

hope this answer will helpful to you