Examlex
What is the ending inventory level for April in the production plan shown in the table? All entries in the table are in terms of sales units.
Ending Inventories
The final value of goods available for sale at the end of an accounting period, calculated through physical count or estimation.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material costs and direct labor.
Gross Profit
The income a business earns after subtracting the expenses related to the production and sale of its goods, or the expenses incurred in delivering its services.
Net Income
The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.
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