What is the order of operations for the standard Modify sequence?

In Commerce, what is the order of operations for the standard Modify sequence?
A. Modify tab, Advanced Default function, Formulas, After Formulas Advanced Modify function
B. Modify tab, Before Formulas Advanced Modify function, After Formulas Advanced Modify function
C. Modify tab, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
D. Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function
E. Integration, Before Formulas Advanced Modify function, Formulas, After Formulas Advanced Modify function

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