GAAP for Financial Reporting Requires That a Manufacturer's Inventory on the Balance

Multiple Choice

GAAP for financial reporting requires that a manufacturer's inventory on the balance sheet and cost of goods sold on the income statement consist of: the cost of direct materials, the cost of direct labor, and

A) the cost of shipping.
B) the cost of sales, general and administration (SG&A) .
C) the cost of manufacturing overhead.
D) the expense of IT.