Question: Please provide the correct answer to this general accounting problem using accurate calculations. Nova Tech Inc. reported the following financial information: Total Sales Revenue: $620,000

Please provide the correct answer to this general accounting problem using accurate calculations.

Nova Tech Inc. reported the following financial information: Total Sales Revenue: $620,000 Gross Profit: $250,000 What is the Cost of Goods Sold (COGS)? A) $350,000 B) $370,000 C) $380,000 D) $390,000

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