For a merchandising company, the cost of goods sold section of the income statement contains purchases. In a manufacturing company, purchases in the cost of goods sold section is replaced with

Group of answer choices

Purchase of direct materials

Finished goods ending inventory

Cost of goods manufactured

Work-in-process

Direct labor goes on

Group of answer choices

the Balance Sheet

the Statement of Cost of Goods Manufactured

the Income Statement

Both B and C

Depreciation expense goes on

Group of answer choices

the Balance Sheet

the Statement of Cost of Goods Manufactured

the Income Statement

Both B and C

Office utilities used goes on

Group of answer choices

the Balance Sheet

the Statement of Cost of Goods Manufactured

the Income Statement

Both B and C