Cost Of Goods Sold Definition, Formula and Methods

cost of goods sold To make a quick recap, the cost of goods sold equals the sum of the beginning inventory cost and the purchases during the year, minus the cost

What is Cost of Goods Sold ? Calculating the Cost of Goods Sold is an essential step in understanding the financial health of a business COGS pgsoftpgslotin Cost of Goods Sold, explained as being an expense, has a direct correlation with the inventory which is considered an asset Derive the COGS equation from the