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6 March, 11:49

Which of the following are reported on the income statement as part of cost of goods? a. administrative expenses b. operating expenses c. cost of goods manufactured d. period costs

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  1. 6 March, 14:44
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    Cost of goods manufactured

    Explanation:

    Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.
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