Examlex
Which of the following represent the top-down (executives to analysts) organizational levels of information technology systems?
Cost of Goods
Cost of Goods refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor.
Ending Inventory
At the close of an accounting period, the valuation of merchandise ready for sale is identified by summing up the initial inventory with buys and deducting the expense of goods sold.
Ending Inventory
The total value of all inventory a company has in stock at the end of an accounting period, which is used to calculate the cost of goods sold.
Operating Expenses
The costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.
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