The statement of cost of goods manufactured does NOT include:

A) direct labor costs.
B) selling and administrative costs.
C) manufacturing overhead.
D) All of the above are included.

Selling And Administrative Costs

Expenses related to the selling of products and the administrative aspects of a business, excluding production costs.

Direct Labor Costs

The expenses that a company incurs through the wages paid to workers directly involved in manufacturing goods or providing services.

Manufacturing Overhead

Indirect factory-related costs that are incurred when a product is manufactured, including costs such as depreciation, utilities, and salaries for supervisors.