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ABC Manufacturing Inc. is reviewing its financial data for the year: Calculate Cost of Goods Sold (CGS) using beginning inventory of $500,000, purchases totaling $2,000,000,
- ABC Manufacturing Inc. is reviewing its financial data for the year:
- Calculate Cost of Goods Sold (CGS) using beginning inventory of $500,000, purchases totaling $2,000,000, and ending inventory of $300,000.
- Evaluate SG&A expenses, including salaries of $400,000 and advertising costs of $100,000.
- Determine the Gross Profit Margin and propose strategies to reduce SG&A costs by 10%.
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