Question

How do I find the cost of goods sold

Answer 1

Explanation:

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

Answer:

Explanation:

Cost of good sold=opening stock+direct expenses+purchase-closing stock