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* * * Company X manufactures widgets. During the year, it incurred the following expenses: Raw materials purchased: $ 5 0 , 0 0 0

***Company X manufactures widgets. During the year, it incurred the following expenses:
Raw materials purchased: $50,000
Direct labor costs: $30,000
Manufacturing overhead: $20,000
Beginning inventory of finished goods: $10,000
Ending inventory of finished goods: $15,000
Calculate the COGS for Company X.

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