If beginning inventory is $60,000, cost of goods purchased is $380,000, and ending inventory is $50,000, cost of goods sold is $390,000. $370,000. $330,000. $420,000.
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XYZ Company earned operating income of $1,500,000 before income taxes. Capital employed equaled $10,000,000, of which $1,000,000 of mortgage bonds paying 8 percent interest, $3,000,000 unsecured bonds paying 9 percent interest, and $6,000,000 common
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