The amount spent by a publishing company to pay for manufacturing its books is called ________
A) cost of goods sold
B) operating expenses
C) cost of goods purchased
D) net loss
E) revenue
A
Explanation: A) Cost of goods sold (COGS) is a separate item on an income statement. COGS are the variable expenses a company incurs to manufacture and sell a product, including the price of raw materials used in creating the good along with the labor costs used to produce and sell the items.
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