Contractors who sell to government agencies would be most likely to use which of the following cost methods in pricing their products?

A) variable cost method
B) product cost method
C) total cost method
D) fixed cost method

Total Cost Method

An accounting approach where all costs of production, including variable and fixed, are used to value inventory and determine cost of goods sold.

Government Agencies

Public sector organizations established at federal, state, or local levels to administer specific functions and services on behalf of the government.