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The cost of goods sold: A. includes both the fixed and the variable costs of producing the items included in revenue. B. is equal to
The cost of goods sold: A. includes both the fixed and the variable costs of producing the items included in revenue. B. is equal to the fixed costs of production for the time period. C. is equal to the variable cost per unit multiplied by the number of units sold. D. includes period costs only. E. includes all manufacturing costs incurred during the income statement period.
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