Which of the Following Is Characteristic of Cost of Goods

Multiple Choice

Which of the following is characteristic of cost of goods sold?

A) Cost of goods sold is the total product cost for the units sold during a period.
B) Cost of goods sold is the total product cost on the balance sheet.
C) Cost of goods sold is a cost that will be more than the revenue.
D) Cost of goods sold does not include the direct materials cost of the product.