Examlex
Which of the following statements is not true?
Finished Goods Inventory
Represents the total cost of manufactured products that are completed but not yet sold.
Gross Margin
The difference between sales revenue and the cost of goods sold, representing the profit margin before overhead expenses.
Gross Margin
The financial metric representing the difference between sales revenue and the cost of goods sold (COGS), expressed as a percentage of sales revenue.
Cost of Goods Manufactured
Refers to the total production cost incurred by a company to manufacture products in a given period, including raw materials, labor, and overhead costs.
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