Cost of sales plus profit is .a.selling price.b.value of goods produced.c.value of finished product.d.value of stocks.
Question
Solution 1
The correct answer is a. Selling price. Here's why:
Cost of sales refers to the direct costs attributable to the production of the goods sold by a company. This includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.
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