How to calculate opening stock if cost of good sold not given?
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Start by figuring out the cost of goods you have sold during the period. ...
From the same records, find out what your ending inventory is and the cost of goods you have purchased during the accounting period.
To calculate the cost of goods sold during the year, this formula is used: COGS = Beginning Inventory + Purchases during the period – Ending Inventory. The beginning inventory for the year is the inventory left over from the previous year, that is, the merchandise that was not sold in the previous year.
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