Asked by hello
What is typically included in COGS? (1 point)
Responses
raw materials
raw materials
storage costs for the inventory
storage costs for the inventory
wages associated with creating the item
wages associated with creating the item
All of the answers are correct.
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers: raw materials and wages associated with creating the item.
Explanation: COGS includes direct materials and direct labor (and manufacturing overhead). Storage/warehousing costs for inventory are generally period/SG&A expenses, not COGS.
Explanation: COGS includes direct materials and direct labor (and manufacturing overhead). Storage/warehousing costs for inventory are generally period/SG&A expenses, not COGS.
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