Question

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.

Answer 1

[AI-generated answer — Bot GPT 3.5]

All of the answers are correct.

Answer 2

[AI-generated answer — Step-by-Step Bot]

Yes, all of the answers are correct. Typically, Cost of Goods Sold (COGS) includes the cost of raw materials used in production, the storage costs for the inventory, and the wages associated with creating the item. These are the main components that are included in calculating COGS.