Cost of goods is B. the term used for the expense of buying and preparing merchandise for sale.
The cost of goods sold (GOGS) is the total of all direct costs associated with the manufacture of a product. It is a line item on an income statement that typically includes money spent on raw materials and labor.
It excludes cost associated with marketing and sales. The carrying value of goods sold during a specific period is referred to as the cost of goods sold. Costs are assigned to specific goods using one of several formulas, such as specific identification, first-in-first-out, or average cost.
COGS is calculated by taking the value of inventory at the start of the period under consideration, adding the cost of any new inventory purchased during the period under consideration, and subtracting the value of inventory held at the end of the period.
Learn more about cost of goods sold on:
https://brainly.com/question/24561653
#SPJ1
