Does the cost of commodities sold tale appear on the income statement as an expense?
Answers:
In US accounting, it usually appears on the income statement as a separate queue on the double after network sale (or revenues). It is an expense row that reduce sale to arrive at gross profit. This is followed by operating expenses, operating income, etc.
The COGS is subtracted from your total revenue to find gross income. So here sense it is an expense. It appears surrounded by the Income portion of Schedule C.