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Company LMN had a remarkable year in terms of sales. The company recorded sales revenue of $800,000. Moreover, variable costs amounted to $320,000, while fixed
Company LMN had a remarkable year in terms of sales. The company recorded sales revenue of $800,000. Moreover, variable costs amounted to $320,000, while fixed costs totaled $200,000. Additionally, the company had a beginning inventory of $15,000 and an ending inventory of $25,000. Calculate the company's cost of goods sold for the year.
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