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What was cost of goods sold for the year

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Question - 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?

a. $180,000

b. $200,000

c. $220,000

d. $240,000

Reference no: EM133028231

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