Answer:
The interpretation of the particular context is provided in the subsection below on clarification.
Explanation:
- The cost of the products sold has become a reporting liability on either the cash flow statement.
- The cost of the goods offered for sale includes the cost of materials expenditures and the time to prepare such a component for selling price.
- The cost of the goods generated is measured using gross profit. Prices of the products sold are also known as selling costs.
