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Give three examples of specific inventory transactions.
Break-even Sales
The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.
Unit Selling Price
The cost for which customers can purchase an individual unit of a product.
Unit Variable Costs
Unit variable costs are the costs that vary directly with the production volume, including costs for materials and labor that change with the level of production or service provision.
Operating Income
Revenue obtained from the main operations of a business, not including the costs of interest and taxes.
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