The following items for Neptune Company are used to compute the cost of goods manufactured and the cost of goods sold. Indicate how each item should be used in the calculations by filling in the blanks with "+" if the item is to be added, "-" if the item is to be subtracted, or "0" if the item is not used in the calculation. The first item is completed as an example.
Definitions:
Put Option
A financial contract giving the holder the right but not the obligation to sell a specified amount of an underlying asset at a set price within a specified time.
Exercise
The action of implementing or executing a right or option, such as the act of buying or selling an asset under the terms of an options contract.
Option Strike Price
The strike price is the set price at which an option contract can be bought or sold when it is exercised.
Option Contract
A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price within a specific period.
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