Question

Sales are equal to cost of goods sold+

Answer 1

Answer: Cost of sales, also known as the cost of revenue, and cost of goods sold (COGS), both keep track of how much it costs a business to produce a good or service to be sold to customers. Both the cost of sales and COGS include the direct costs associated with the production of a company's goods and services.

Explanation:

Answer 2

Explanation:

The $100,000 is the cost of goods sold (COGS). To derive the gross profit, the company then looks at total revenues. No other business costs are considered when determining gross revenue. Total revenue minus the COGS equals gross sales