Identify the meaning of X in the formulas given:

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(a)

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Identify the meaning of X in the formulas given:

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Cost of goods manufactured: Cost of goods manufactured refers to the cost incurred for a making a product, that are available for sales at the end of the accounting period.

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Work in process: Work in process refers to the semi-finished goods, which cannot be sold as finished goods...

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(b)

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Identify the meaning of X in the formulas given:

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