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Which of the following best describes the process known as smelting?
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period.
Cost Of Goods Sold
The immediate expenses associated with manufacturing the products a company sells, such as materials and workforce costs.
Inventory
The complete inventory of products and materials that a company keeps for the aim of either selling them or using them in manufacturing.
Tangible Assets
Assets with a physical form such as machinery, buildings, and land that a company owns and uses in its operations.
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