Product costs are matched directly with sales revenue during the process of calculating thecost of goods sold.The cost of goods sold represents the cost associated with the production of goods that have been sold. It is an expense on theincome statementof a company that is calculated as follows:Beginning inventory + Purchases – Ending inventory = Cost of goods soldWhere purchases represent the total cost of the goods that have been purchased during the accounting period. The cost of goods sold calculation takes into account the direct costs of production which include materials, labor, and overhead costs. The direct costs of production are matched with sales revenue as they represent the expenses associated with the production of goods that have been sold.The cost of goods sold is deducted fromsales revenueto arrive at the gross profit.Learn more aboutcost of goods soldHere.brainly.com/question/31035042#SPJ11...

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