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Company XYZ had a fruitful year in terms of sales performance. The company recorded sales revenue of $1,000,000. Moreover, variable costs amounted to $400,000, while
Company XYZ had a fruitful year in terms of sales performance. The company recorded sales revenue of $1,000,000. Moreover, variable costs amounted to $400,000, while fixed costs totaled $300,000. Additionally, the company had a beginning inventory of $20,000 and an ending inventory of $30,000. Calculate the company's cost of goods sold for the year.
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