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On the face of income statement , which account is substituting for purchases account in the manufacturing corporation ?

1 - Cost of goods sold .

2 - Cost of goods manufactured .

3 - Work-in-process account .

4 - Finished goods inventory .

Accounting Cost Accounting US GAAP
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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2016/10/10
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Md Wasim Ansari
by Md Wasim Ansari , Manager , Pricewaterhousecoopers

1 - Cost of goods sold

 

But COGS doesn't just contains purchases.

FAIZAL CHEERANGAN

work -in progress account is the substitute in a income statement

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