Solution-What was cost of goods sold for the year

What was cost of goods sold for the year

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Problem 1: A company had sales revenue of $500,000 for 2013. During 2013, the company incurred operating expenses of $40,000 and interest expenses of $60,000. The income before taxes was $220,000. What was Cost of Goods Sold (COGS) for the year 2013?

Option 1: $180,000
Option 2: $200,000
Option 3: $220,000
Option 4: $240,000

Reference no: EM132955315

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What was cost of goods sold for the year

Reference no: EM132955315

Reference no: EM132955315

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