For a merchandising company, the cost of goods sold section of the income statement contains purchases. In
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For a merchandising company, the cost of goods sold section of the income statement contains purchases. In a manufacturing company, purchases in the cost of goods sold section is replaced with
Group of answer choices
Purchase of direct materials
Finished goods ending inventory
Cost of goods manufactured
Work-in-process
Direct labor goes on
Group of answer choices
the Balance Sheet
the Statement of Cost of Goods Manufactured
the Income Statement
Both B and C
Depreciation expense goes on
Group of answer choices
the Balance Sheet
the Statement of Cost of Goods Manufactured
the Income Statement
Both B and C
Office utilities used goes on
Group of answer choices
the Balance Sheet
the Statement of Cost of Goods Manufactured
the Income Statement
Both B and C
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