GAAP for financial reporting requires that a manufacturers inventory on the balance sheet and cost of goods sold on the income statement consist of : the cost of direct material, _______, and the cost of manufacturing overhead.

 GAAP for financial reporting requires that a manufacturers inventory on the balance sheet and cost of goods sold on the income statement consist of : the cost of direct material, _______, and the cost of manufacturing overhead.

Answer

the cost of direct labor

 

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