Cost Of Goods Sold Formula
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Cost Of Goods Sold Formula
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Calculate Cost Of Goods Sold Step by Step Guide MintLife Blog
Cost of Goods Sold Formula Cost of Goods Sold Beginning Inventory Value Ending Inventory Value Total Inventory Purchases Any additional Direct Costs Here is an explanation of the various items in the formula Period or Accounting Period is the duration or period for which you want to calculate the Cost of Goods Sold The cost of goods sold formula is calculated by adding purchases for the period to the beginning inventory and subtracting the ending inventory for the period The cost of goods sold equation might seem a little strange at first but it makes sense
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