Define cost of goods sold. How is it computed? What two financial reports does it impact and how?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6Q: Is the cost of goods manufactured the same as the cost of goods sold?
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Define cost of goods sold. How is it computed? What two financial reports does it impact and how? 

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