Which of the Following Is Calculated Last Before Operating Income

question 239

Multiple Choice

Which of the following is calculated last before operating income can be determined for a manufacturer?

• A) Cost of goods available for sale
• B) Cost of goods manufactured
• C) Cost of goods sold
• D) Cost of direct materials

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Definitions:

Source of Electricity

Any process or system that produces electric power, including fossil fuels, nuclear power, and renewable sources like solar, wind, and hydroelectric power.

Human Capital

The capabilities, expertise, and insight that a person or group holds, considered in relation to their worth or expense for a company or nation.

Development Gap

The disparity in economic and social conditions, including income, education, and health, between the world's richest and poorest countries.

Per Capita Income

Per capita income is the average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.