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The Financial Statements of Tin Company Included the Following  Sales $1,000,000 Gross margin 300,000 Ending Irventory 100,000\begin{array} { l r } \text { Sales } & \$ 1,000,000 \\\text { Gross margin } & 300,000 \\\text { Ending Irventory } & 100,000\end{array}

Question 72

Multiple Choice

The financial statements of Tin Company included the following:
 Sales $1,000,000 Gross margin 300,000 Ending Irventory 100,000\begin{array} { l r } \text { Sales } & \$ 1,000,000 \\\text { Gross margin } & 300,000 \\\text { Ending Irventory } & 100,000\end{array}
Based on the information provided,what was the company's cost of goods sold?


A) $200,000
B) $600,000
C) $700,000
D) $900,000

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