Cost of goods sold refers to . Multiple Choice direct costs attributable to producing the product sold by the firm salaries, advertising, and selling expenses payments to the firm's creditors payments to federal and local governments

Direct costs attributable to producing the product sold by the firm

Explanation:

The cost of goods sold is the total cost or investment that the company has made during the manufacture of the goods that are sold by the company. Following amounts are included in the cost of goods sold -

Only direct investments are considered in this and all the indirect investments like distribution costs and sales force costs are excluded.

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