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The Cetus Company started operations this month. Which of the following statements is true? Revenues minus the cost of goods manufactured equals gross profit. The

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The Cetus Company started operations this month. Which of the following statements is true? Revenues minus the cost of goods manufactured equals gross profit. The cost of ending inventory can be larger than the cost of goods manufactured. The cost of goods manufactured plus the cost of ending inventory equals the cost of goods sold. Revenues minus the cost of ending inventory equals gross profit. The cost of goods manufactured can be larger than the cost of goods sold

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