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How to Calculate COGS (Cost of Goods Sold): A Simple Guide
COGS stands for Cost of Goods Sold. It’s calculated using the formula: COGS = beginning inventory + purchases – ending ...
ICTSD3y
which of the following formulas represent cost of goods sold for a merchandising business?
You can calculate the cost of goods sold for the accounting period by adding the ending inventory value, the direct labor, and any indirect costs. We use the COGS formula to find the COGS in ...