ABC Construction Company is preparing for a financial audit. They need to:

• Calculate Cost of Goods Sold (CGS):
  • Direct Materials: $800,000
  • Direct Labor: $400,000
  • Equipment Costs: $150,000

• Assess SG&A expenses:
  • Project Management Fees: $50,000
  • Legal and Permit Costs: $30,000
  • Rent: $40,000

• Recommend strategies to streamline SG&A expenditures while maintaining project quality.