Which of the following item isnot considered in calculationof cost of goods sold?a. Direct wagesO b. PurchasesO c. Carriage inwardso d. None of these

Option a - Direct wages are part of cost of goods sold Option b - Purchases are included while…

Answered: cost of goods sold

Business

Accounting

cost of goods sold

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 3DQ: How do you calculate the markup on cost of goods sold? Is the markup pure profit? Explain.

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Question

Which of the following item is
not considered in calculation
of cost of goods sold?
a. Direct wages
O b. Purchases
O c. Carriage inwards
o d. None of these

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