Excess of sales over cost of goods sold.Select one:a.T-accountb.Prime Costsc.Conversion Costsd.Gross profit

To determine which option corresponds to the excess of sales over the cost of goods sold, we need to analyze the given choices.

1. T-account: This is an accounting tool used to visualize the effects of transactions on different accounts. It does not represent a specific financial concept or term.

2. Prime Costs: These refer to the direct costs of manufacturing a product, which include direct materials and direct labor costs. Prime costs do not directly relate to the excess of sales over COGS.

3. Conversion Costs: These are costs incurred to convert raw materials into finished goods, including direct labor and manufacturing overhead. It does not represent sales over COGS.

4. Gross Profit: This is the financial metric that represents the difference between sales revenue and the cost of goods sold (COGS). It calculates the surplus that a company makes after covering the costs of producing or purchasing its goods.

Final Answer

The correct choice is d. Gross profit.