how to calculate cost on goods sold
Answers
Answered by
2
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..... : )
Answered by
0
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
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