Multiple Choice
Dayton Industries manufactures the motors used in heating and air conditioning systems. It had sales of $300,000 during the last quarter. Its gross profit was $120,000. On an income statement, an accountant would classify the remaining $180,000 as which of the following?
A) cost of production
B) operating expenses
C) cost of goods sold
D) production income
Correct Answer:
Verified
Correct Answer:
Verified
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