Cost of goods sold

A) only appears on merchandising companies' income statements.
B) only appears on manufacturing companies' income statements.
C) appears on both manufacturing and merchandising companies' income statements.
D) is calculated exactly the same for merchandising and manufacturing companies.

Merchandising Companies

Enterprises engaged in the business of buying merchandise from manufacturers and selling it to customers, typically involving retail or wholesale operations.

Manufacturing Companies

Businesses that produce goods from raw materials through the use of manual labor or machinery, often involving assembly processes.