In income statement of merchandising costs, period cost includes all costs which are not related to

A. cost of resale goods

B. cost of manufacturing goods

C. timed resale of goods

D. cost of purchased goods

Answer: Option D

Solution(By Examveda Team)

In income statement of merchandising costs, period cost includes all costs which are not related to cost of purchased goods. The cost of goods purchased is the net cost of merchandise acquired.