9/23/25 - class assignment\n1 multiple answer 2 points\na clothing boutique buys t - shirts for $5 each and…

9/23/25 - class assignment\n1 multiple answer 2 points\na clothing boutique buys t - shirts for $5 each and sells them for $20. which part is the cost of goods?\nthe $5 spent to buy each shirt\nthe electricity bill\nthe $20 selling price\nthe rent for the boutique

9/23/25 - class assignment\n1 multiple answer 2 points\na clothing boutique buys t - shirts for $5 each and sells them for $20. which part is the cost of goods?\nthe $5 spent to buy each shirt\nthe electricity bill\nthe $20 selling price\nthe rent for the boutique

Answer

Brief Explanations:

The cost of goods sold (COGS) refers to the direct costs attributable to the production or acquisition of the goods sold by a company. Here, the direct cost of the t - shirts is the amount spent to buy them. The electricity bill, rent are overhead costs and the selling price is what the product is sold for, not a cost of goods.

Answer:

The $5 spent to buy each shirt