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When we move from darkness to bright light, retinal sensitivity is lost, but visual acuity is gained.
Goods Sold
Goods sold refers to the products that have been sold by a business, often measured within a specific accounting period.
Direct Materials
Direct materials refer to raw materials that can be directly attributed to the production of a specific product, considered a variable cost in manufacturing.
Cost of Goods Manufactured
The total cost incurred to manufacture products, including costs related to materials, labor, and manufacturing overhead, within a specific period.
Ending Balance
The amount of money in an account at the end of a given period, after all transactions have been accounted for.
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