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Company UVW experienced a remarkable year in terms of sales. The company's sales revenue amounted to $2,000,000. Furthermore, variable costs totaled $800,000, while fixed costs
Company UVW experienced a remarkable year in terms of sales. The company's sales revenue amounted to $2,000,000. Furthermore, variable costs totaled $800,000, while fixed costs stood at $500,000. Additionally, the company had a beginning inventory of $40,000 and an ending inventory of $50,000. Calculate the company's cost of goods sold for the year.
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