MC 17 What is the purpose of a cost of goods sold (COGS) calculation?
A. To determine the cost of raw materials used in production
B. To determine the cost of goods sold during a specific period
C. To determine the total cost of goods available for sale
D. To determine the profit margin on a specific product
Answer:B
MC 17 What is the purpose of a cost of goods sold (COGS) calculation?
A. To determine the cost of raw materials used in production B. To determine the cost of goods sold during a specific period C. To determine the total cost of goods available for sale D. To determine the profit margin on a specific product