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The difference between the market value of goods produced and the cost of production is

The difference between the market value of goods produced and the cost of production is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Net profit on goods sold
  • B Gross profit on manufacturing
  • C Closing stock of work-in-progress
  • D Prime cost of manufacturing
Correct Answer: Option B
Explanation:

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