Question

How can we find cogs ??

Answer 1

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.

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Answer 2

Explanation:

Cost of goods sold is the carrying value of goods sold during a particular period. Costs are associated with particular goods using one of the several formulas, including specific identification, first-in first-out, or average