Question

how to calculate cost on goods sold ​

Answer 1

Hey.....here is ur answer

• Minus ending inventory(at the end of the year)
• Equal cost of goods sold
• Plus aditional inventory cost(inventory purcase during the year)
• Begining inventory cost (at the beginning of the year)

Hope this will help u..... : )

Answer 2

Answer:

Formula for cost of goods sold

Cost of cost sold = Opening stock + purchases - closing stock

or

Cost of goods sold = sales - gross profit

Explanation:

generally cost of goods sold is sales minus gross profit