Question
XYZ Corporation reported revenue of $2,000,000 for the fiscal year ended December 31, 20XX. During the same period, the company incurred operating expenses of $500,000
XYZ Corporation reported revenue of $2,000,000 for the fiscal year ended December 31, 20XX. During the same period, the company incurred operating expenses of $500,000 and had an ending inventory of $300,000. Calculate the COGS for XYZ Corporation.
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Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
