What is Cost of Goods Sold and How to calculate it? COGS Formula

The formula for calculating cost of goods sold is the sum of the beginning inventory balance and purchases in the current period,

Cost of Goods Sold = $1,000,000 + $700,000

ไพ่ queen of pentacles Cost of Goods Sold is the direct cost of a product to a distributor, manufacturer, or retailer Sales revenue minus cost of goods

โหลด office 365 ฟรี Why is COGS important? The Cost of Goods Sold metric is essential for evaluating and comparing the profitability of different products or lines of business