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  3. question 7 (2 points) cost of goods sold is o 1) a

Question 7 (2 points) Cost of goods sold is O 1) a product cost. 2)...

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Accounting

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Question 7 (2 points) Cost of goods sold is O 1) a product cost. 2) a period cost. 3) recorded in a liability account until inventory is sold. 4) recorded when inventory is purchased. Save Question 8 (2 points) The total cost line on a breakeven or cost-volume-profit chart intersects the y-axis at a point equal to O O 1) break-even volume 2) total fixed cost 3) unit variable cost 4) break-even sales revenue O O

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