Math, asked by ismailpc3355, 8 months ago

equation of cost of goods sold​

Answers

Answered by Kartik3255
1

Answer:

To find the cost of goods sold during an accounting period, use the COGS formula:

COGS = Beginning Inventory + Purchases During the Period – Ending Inventory.

Gross Income = Gross Revenue – COGS.

Net Income = Revenue – COGS – Expenses.

Step-by-step explanation:

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Answered by astridcaballerop
0

Answer:

Is this:

Explication:

Hi!

*Look at this:

The cost of goods purchased includes the beginning inventory as previously valued plus purchases. The cost of goods sold is then the beginning inventory plus purchases less the calculated cost of goods on hand at the end of the period.

:D

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